explained by business dynamics, innovation, human capital and the level of entrepreneurship in each region. Findings The results …/methodology/approach For this purpose, a model is specified and estimated in which the total factor productivity of Spanish regions is … obtained lead the authors to conclude that entrepreneurship understood as both the creation of new firms and entrepreneurial …

We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only …-invest in schooling. Frictions lower aggregate productivity because talent is misallocated across occupations, and capital … responses. We find that these effects combined account for about 1/5 of the U.S.-India aggregate productivity difference …

, the productivity effects of worker replacement in young firms. Worker replacement isolates labor turnover due to employee … replacement as a separate category of turnover and has been shown to positively affect the productivity of established firms in … effects on young firms' productivity that remain even when controlling for moderating factors. These effects are even more …

We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …

We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates the … commercial value. Our findings support the notion that entrepreneurship can be learned. …

between technically trained founders and employees who have business skills. This suggests that the innovation potential of …