important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …

entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …. The model predicts that, with liquidity constraints, the probability of entering entrepreneurship is an increasing … with wealth profile for the fraction of workers in entrepreneurship, start-up costs weaken this relationship by depressing …

general equilibrium mechanisms, in explaining entrepreneurship. A method for decomposing its impact into direct and indirect … entrepreneurship tends to respond more to the interaction between households than to financial constraints …

important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …