to estimate entrepreneurship's reward. As an example, a regression, based on the estimation of entrepreneurship's reward …, with baning panel data will yield the same main results as in the article of Governance Structures, Efficiency and Firm …

panel data econometric analysis is based on the discussion paper A Practical Method to Measure Entrepreneurship's Reward: A … Entrepreneurship, Regional Development and Job Creation: The Case of Portugal by R. Baptista, V. Escarta and P. Madruga, MPI, # 0605 …, in which the authors conclude (among others) that entrepreneurship creates jobs and reduces unemployment. This extension …