worsened credit market conditions. In this paper, we construct a quantitative general equilibrium model of entrepreneurship to … market can still obtain secured credit. Therefore, they can run larger firms, which makes entrepreneurship more attractive …

. Using a dataset with over 24 million observations and more than 230,000 entries into entrepreneurship, we show that newly …

inhabitants are taken into account, some regions have persistently higher entrepreneurship rates than others. Proposed … effects. Regional differences in entrepreneurship have also been linked to the availability of role models (Fornahl 2003 …; Sternberg 2009; Malecki 2009). It can be argued that in regions with high rates of entrepreneurship, entrepreneurial role models …