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Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in …
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Formal institutions, e.g., regulations, are considered crucial determinants of entrepreneurship, but what enables regulatory change when there is a regulatory void, meaning entrepreneurship clashes with existing regulations? Drawing on public choice theory, we hypothesize that regulatory freedom...
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well as growthoriented outcomes such as job creation and innovation. We find statistically significant and economically … stronger when focusing on the growth-oriented outcome of innovation. Furthermore, we observe that generalized self-efficacy is …
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