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This article studies global distributions of capital and labor income among individuals in 2000 and 2016. By constructing a novel database covering approximately the 80% of the global output and the 60% of the world population, two major findings stand out. First, the world underwent a...
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Entrepreneurship has been a “hot topic” in global economy since Joseph Alois Schumpeter pointed out over one hundred … years ago that entrepreneurship is crucial for understanding economic development. The concept of entrepreneurship appeared … system. The hypothesis that entrepreneurship is linked to economic growth finds its most immediate foundation in simple …
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