Based upon two strands of literature, this paper hypothesizes a U-shaped relationship between a country's rate of entrepreneurial dynamics and its level of economic development. This would imply a different scope for entrepreneurship policy across subsequent stages of development. Regressing...

A decade ago Knowledge Valley Theory explained the development of SMEs in terms of provoking innovation by knowledge sharing. In this paper the KVT model will be applied to the wider tech entrepreneurship ecosystem, in particular Science and Technology Parks (STPs). In developing KVT theory...

This paper introduces cultural gravity as a new concept for analyzing socio-economic disparities among immigrants. It tests the existence of cultural gravity effects on the geographic concentration and human capital productivity of immigrants. Using cultural distance as a proxy for the local...

Across countries, women own significantly fewer businesses than do men. We show that this is due, in large part, to the fact that the propensity to start businesses of women is significantly lower than that of men. The lower propensity of women, in turn, appears to be highly correlated to...