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We use the fall of the Berlin Wall in 1989 to show that personal relationships which individuals maintain for non-economic reasons can be an important determinant of regional economic growth. We show that West German households who have social ties to East Germany in 1989 experience a persistent...
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This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at the stage of firm formation. We distinguish between different kinds of experience an entrepreneur can possess and find evidence that the innovative success subsequent to firm...
Persistent link: https://www.econbiz.de/10010263810
In this paper we explore the ways in which institutions and networks influence entrepreneurial development in Russia … addition, the analysis explores the effectiveness of Russia's informal networks for circumventing the weak institutional … entrepreneurial activity. Our results support the notion of the limited effectiveness of Russia's networks for supporting …
Persistent link: https://www.econbiz.de/10010267935
We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...
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