| Description |
1 online resource (52, 15 pages) : illustrations, map |
| Series |
NBER working paper series ; no. 25112 |
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Working paper series (National Bureau of Economic Research) ; no. 25112.
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| Summary |
New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local demand. We identify local demand shocks by linking fluctuations in global commodity prices to municipality level agricultural endowments in Brazil. We find that the firm creation response is almost entirely driven by young and skilled individuals, as measured by their level of experience, education, and past occupations involving creativity, problem-solving and managerial roles. In contrast, we find no such response within the same municipalities among skilled, yet older individuals, highlighting the importance of lifecycle considerations. These responsive individuals are younger and more skilled than the average entrepreneur in the population. The entrepreneurial response of young individuals is larger in municipalities with better access to finance, and in municipalities with more skilled human capital. These results highlight how the characteristics of the local population can have a significant impact on the entrepreneurial responsiveness of the economy |
| Notes |
"September 2018." |
| Bibliography |
Includes bibliographical references (pages 33-39) |
| Notes |
Online resource; title from http://www.nber.org/papers/w25112 viewed October 11, 2018 |
| Subject |
New business enterprises -- Brazil -- Regional disparities
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Businesspeople -- Brazil -- Regional disparities
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Job creation -- Brazil -- Regional disparities
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Human capital -- Brazil -- Regional disparities
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General.
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Formal and Informal Sectors Shadow Economy Institutional Arrangements.
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Agriculture Natural Resources Energy Environment Other Primary Products.
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Microeconomic Analyses of Economic Development.
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Entrepreneurship.
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Human Capital Skills Occupational Choice Labor Productivity.
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Informal Economy Underground Economy.
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Brazil.
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| Form |
Electronic book
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| Author |
Colonnelli, Emanuele, author
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Malacrino, Davide, author.
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McQuade, Tim, author.
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National Bureau of Economic Research, publisher.
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