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Italy has one of the lowest rates of entrepreneurial activity among innovation driven countries. Moreover, Italy is characterized by large territorial differences in the entrepreneurial rates. The main aims of this paper are to provide a better understanding of the factors affecting territorial...
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entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …. The model predicts that, with liquidity constraints, the probability of entering entrepreneurship is an increasing … wealth profile for the fraction of workers in entrepreneurship, start-up costs weaken this relationship by depressing the …
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