This paper investigates the effect of entrepreneurs' personal income tax situations on the growth rates of their enterprises. We analyze the personal income tax returns of a large number of sole proprietors before and after the Tax Reform Act of 1986 and determine how the substantial reductions...

This paper exploits the rapid rise in self-employment rates in post-communist Estern Europe as a valuable "quasi-experiment" for understanding th sources of enterpreneurship. A relativ demand-supply model and an individual sectoral choice model are used to analyze a 1993 survey of 27000 adults...

This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs...

Entrepreneurship is widely thought to be associated with innovation, yet the prior evidence about this relationship has been mixed. For this reason, some researchers have argued that the locus of innovation lies with large, professionally managed firms rather than new entrants. This study uses...

This article shows how the increase of information availability due to new technologies positively affects aggregate entrepreneurship in national economies. We rely on an “occupational choice” model of managerial production, extended to include the managerial use of information, to explain...

Initial coin offerings (ICOs) are a rapidly growing phenomenon wherein entrepreneurial ventures raise funds for the development of blockchain-based businesses. They have recently sprouted up all over the world, raising millions of dollars for early-stage projects. Few empirical studies are...

This article analyzes the content and evolution of research based on the Global Entrepreneurship Monitor (GEM) project. We conducted a rigorous search of articles published in journals within the Thomson Reuters' Social Sciences Citation Index® through an exploratory analysis focused on...

Entrepreneurship in emerging markets is distinctive from that practiced in more developed countries. Better understanding these distinctions is critical to private sector development in developing countries. Of particular interest are new and growth-oriented enterprises, which have a greater...

Digital platforms often emerge to meet the needs left unaddressed by missing or underdeveloped institutional infrastructure (i.e., “institutional voids”). We examine the case of “mobile money” and the role it has played in filling voids in credit-market institutions that limit access to...

Inclusive entrepreneurship, which represents an integrated approach to entrepreneurship and social inclusion, has increasingly received attention for its expected capacity to simultaneously foster economic growth and mitigate inequality. This study examines how the configuration of institutional...