We examine returns to entrepreneurship using a standard measure of welfare, the percapita consumption expenditure. The …

Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that …) opportunitymotivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the … start-up costs are not significant determinants of opportunity entrepreneurship; and (iii) better governance leads to higher …

It is often claimed that entrepreneurship is indispensable for economic growth and development. These claims are mostly … generated by scholars working in the field of entrepreneurship and management studies. In contrast, development economics … scholars seem to be less concerned about entrepreneurship in the development process Who is right? I show that the arguments …