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entrepreneurship are on the right track, but investment in knowledge-based capital could be made a more dynamic source of growth and … these firms and domestic SMEs, notably by establishing applied research centres. Entrepreneurship should be fostered by …
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We estimate the effect of college education on business survival using the NLSY79. The endogeneity of both education and business ownership is accounted for by a competing risks duration model augmented with a college selection equation. Contrary to the previous literature, we find no effect of...
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