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Title:Better means more: property rights and high-growth aspiration entrepreneurship PDF Logo
Authors:Estrin, Saul
Korosteleva, Julia
Mickiewicz, Tomasz
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4396
Abstract:This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch high-growth aspiration projects. In particular, a strong property rights system is important for high-growth aspiration entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter for both.
Subjects:High-growth aspiration entrepreneurship
entrepreneurship
start-ups
property rights
JEL:D23
D84
G21
J23
J24
K11
L26
P51
Persistent Identifier of the first edition:urn:nbn:de:101:1-20091009976
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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