: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

This paper studies whether promoting entrepreneurship is always growth-enhancing under a dynamic general … supply effect. The working of these two effects results in a non-monotone entrepreneurship-economic growth relationship. Due … individuals. As a result, there can be too less or too much entrepreneurship in the decentralized equilibrium. Although having …