By Douglas Holtz-Eakin, Harvey S. Rosen
Entrepreneurship has been an issue of a lot fresh dialogue between teachers and policymakers a result of trust that it invigorates the economic climate — generating better productiveness, extra jobs, and better financial progress. President George W. Bush promoted his financial plan via pointing to its encouragement of entrepreneurship. but, regardless of its significance, the subject of entrepreneurship is underrepresented within the economics literature. The participants to Public coverage and the Economics of Entrepreneurship learn assorted features of entrepreneurship and its relation to public coverage to assist us succeed in a greater knowing of the industrial position of marketers. The individuals, all admired economists, first examine what guidelines successfully inspire entrepreneurship, discussing a potential position for presidency in enterprise capital markets, the impact of the tax code's subsidy of medical health insurance for the self-employed, and the impression of banking deregulation on entrepreneurial task. members then learn entrepreneurship in ''unexpected places'' — no longer small companies, yet huge pharmaceutical companies and nonprofit enterprises. the ultimate essays discover the influence of entrepreneurship on inequality, statistical facts of upward mobility for self-employed blacks and Hispanics and discussing the impact on entrepreneurial job of rules to minimize wealth inequality. The individuals desire, by way of providing a rigorous financial exam of entrepreneurship, to foster larger public regulations that motivate and help entrepreneurial job.
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Entrepreneurship has been a subject matter of a lot fresh dialogue between lecturers and policymakers as a result of the trust that it invigorates the economic system — generating higher productiveness, extra jobs, and better fiscal progress. President George W. Bush promoted his financial plan through pointing to its encouragement of entrepreneurship.
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Additional resources for Public Policy and the Economics of Entrepreneurship
Himmelberg, C. , and B. C. Petersen. 1994. R&D and internal ﬁnance: A panel study of small ﬁrms in high-tech industries. Review of Economics and Statistics 76: 38–51. , D. Joulfaian, and H. S. Rosen. 1994a. Entrepreneurial decisions and liquidity constraints. RAND Journal of Economics 23: 334–347. , D. Joulfaian, and H. S. Rosen. 1994b. Sticking it out: Entrepreneurial survival and liquidity constraints. Journal of Political Economy 102: 53–75. Hubbard, R. G. 1998. Capital-market imperfections and investment.
Standard errors appear in parentheses. 00647) The Self-Employed and Health Insurance 41 42 Perry and Rosen Table 6 Self-employment effects in alternative speciﬁcations. These are the coefﬁcients on the self-employment dichotomous variables from the probit equations of tables 4 and 5 augmented with a continuous variable for family income (column 1), with a set of dichotomous variables for hours worked (column 2), and with a continuous variable for number of doctor visits (column 3). Coefﬁcients are marginal effects on the respective probabilities, and ﬁgures in parentheses are standard errors.
Thus, to the extent that utilization does belong on the right-hand side, failure to take it into account may bias the estimates of the self-employment effects on insurance coverage and health status. One common measure of health-care utilization is the number of doctor visits during the year. We therefore augmented the canonical speciﬁcation with a continuous variable for number of doctor visits. The results, reported in column 3 of table 6, suggest that its inclusion has no serious impact on the self-employment coefﬁcients.
Public Policy and the Economics of Entrepreneurship by Douglas Holtz-Eakin, Harvey S. Rosen