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|Title:||What makes a die-hard entrepreneur? : Trying, or persisting in, self-employment |
|Authors:||Burke, Andrew E.|
FitzRoy, Felix R.
Nolan, Michael A.
|Issue Date:||2005 |
|Series/Report no.:||Papers on entrepreneurship, growth and public policy 2305|
|Abstract:||The paper makes three contributions to the economics literature on entrepreneurship. We offer a new measure of entrepreneurship which accounts for variations in persistence in self-employment. We outline an econometric methodology to account for this approach and find that it is superior to probit/logit models which have dominated the literature. While our results indicate that this existing literature is good at explaining an individual's propensity to try self-employment, we find that entrepreneurial persistence is determined by a different model and unearth some new insights into the roles of early career experience, finance, role models, gender and the unemployment push effect.|
|Document Type:||Working Paper|
|Appears in Collections:||Discussion Papers on Entrepreneurship, Growth and Public Policy, Max-Planck-Institut für Ökonomik|
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