Many regional development policy initiatives assume that entrepreneurial activities promote economic growth. Empirical research has presented rationale for this argument showing that small firms create proportionally more new jobs than large ones. However, little research has been performed on...

In the last decade, an increasing body of literature has studied the relation between economic development and the rate of independent entrepreneurship. For several developed countries, this relation seems to have changed from a negative relation into a positive one. However, the role of...

Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship performance. The entrepreneur’s human capital, though, is only one of the input factors into the production process of her venture. In this paper we will analyze to what extent the...