Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148477
Authors: 
Nanda, Ramana
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 252
Abstract: 
Entrepreneurship is essential to job creation and to productivity growth and therefore is an important matter for government policy. However, policymakers face a difficult challenge because successful growth for a few firms—which cannot easily be identified in advance—is accompanied by widespread failure for most other new firms. Predicting which firms will fail and which will succeed is nearly impossible. Instead of futilely trying to pick winners, governments can play a useful role in facilitating the growth of the most promising firms by setting the conditions for efficient trial-and-error experimentation across firms.
Subjects: 
entrepreneurial finance
small business finance
high-potential entrepreneurship
banks
venture capital
JEL: 
L26
G21
G24
Persistent Identifier of the first edition: 
Document Type: 
Article

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