Mobile Telephony and New Business Formation Rates in BRICS and Beyond: Does Human Capital Matter?

This study examines whether and to what extent ‘domestic’ education level mediates the relationship between mobile phone diffusion and new business formation rates across the developing world, that is, Brazil, Russia, India, China and South Africa (BRICS) and non-BRICS developing countries. Drawing on the knowledge spillover theory (KST) of entrepreneurship, we suggest that the recent rise in domestic education levels might explain the positive...