Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - Center for Operations Research and Econometrics … - 2009
and profits on the domestic market. This in turn
reduces the incentives for individuals to start a new business. However …,
one of the most striking and solid facts stressed by the economic and business
literature devoted to entrepreneurship is … exacerbated
by lower trade costs, business is less profitable in the large country. Hence,
during the second phase, economic …