Fostering Entrepreneurship: Promoting Founding or Funding?
Abstract
Governments across the globe are eager to foster entrepreneurial ecosystems, yet there is no consensus on what policies to use. We develop a theory about the equilibrium consequences of two canonical types of entrepreneurship policies: policies that encourage entrepreneurs to found new ventures and policies that encourage investors to fund new ventures. We distinguish between a short-term impact on current market activity versus a long-term...
Paper Details
Title
Fostering Entrepreneurship: Promoting Founding or Funding?
Published Date
Jun 1, 2019
Journal
Volume
65
Issue
6
Pages
2502 - 2521
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Notes
History