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dc.contributor.authorMICHELACCI, Claudio
dc.contributor.authorSILVA, Olmo
dc.date.accessioned2011-05-23T13:40:17Z
dc.date.available2011-05-23T13:40:17Z
dc.date.issued2007
dc.identifier.citationReview of economics and statistics, 2007, LXXXIX, 4, 615-633
dc.identifier.issn0034-6535
dc.identifier.urihttp://hdl.handle.net/1814/17406
dc.description.abstractWe document that the fraction of entrepreneurs working in the region where they were born is significantly higher than the corresponding fraction for dependent workers. This is more pronounced in more developed regions and positively related to the degree of local financial development. Firms created by locals are bigger, operate with more capital-intensive technologies, and obtain greater financing per unit of capital invested, than firms created by nonlocals. This suggests that there are so many local entrepreneurs because locals can better exploit the financial opportunities available in the region where they were born. This helps to explain how local financial development causes persistent disparities in entrepreneurial activity, technology, and income.
dc.language.isoen
dc.subjectBusiness economics
dc.subjectRegional economics
dc.subjectEconomic activity
dc.subjectEntrepreneurship
dc.subjectLocation of enterprises
dc.subjectCapital structure
dc.subjectU.S.A.
dc.subjectItaly
dc.titleWhy so many local entrepreneurs?
dc.typeArticle
dc.neeo.contributorMICHELACCI|Claudio|aut|
dc.neeo.contributorSILVA|Olmo|aut|
dc.identifier.volumeLXXXIX
dc.identifier.startpage615
dc.identifier.endpage633
eui.subscribe.skiptrue
dc.identifier.issue4


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