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This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013070904
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013076671
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10003730563
We study the effect of electoral politics on government small business lending, employment, and business formation. We construct novel measures of electoral importance capturing swing and base voters using data from Facebook ad spending, independent political expenditures, the Cook Political...
Persistent link: https://www.econbiz.de/10013221014
Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following …) entrepreneurship and economic growth.This paper revisits each of these relationships using US state-level real GDP per capita, the … Economic Freedom of North America index, and the state-level productive and unproductive entrepreneurship scores provided by …
Persistent link: https://www.econbiz.de/10013093550
Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official … (higher) levels of informal economic activity. Additionally, I aim to connect entrepreneurship, shadow economy size, and …
Persistent link: https://www.econbiz.de/10013035948
and the effect this persistence has on development. It is argued that a regional culture of entrepreneurship plays an … important role in explaining persistence of entrepreneurship. We discuss possible explanations for the emergence of a culture of … entrepreneurship, and how it becomes self-perpetuating over time. Finally, we draw policy implications and identify some promising …
Persistent link: https://www.econbiz.de/10011606960
This paper analyses persistence and change in the regional league table of entrepreneurship performance in the United … countries on these issues. The paper draws out policy implications on regional levelling-up of entrepreneurship activity. It …
Persistent link: https://www.econbiz.de/10014435871
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013032373
We evaluate the impact of a place-based infrastructure development scheme directed towards India's most "backward" districts, on the performance of microenterprises. "Backward" districts were selected based on a transparent score-based assignment mechanism. Using a Fuzzy Regression Discontinuity...
Persistent link: https://www.econbiz.de/10011896952