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The Role of Institutions of Private Property Rights and Money in Entreprenurial Discovery

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Author Info

  • Odd Stalebrink

    ()
    (Penn State Harrisburg)

  • John Sacco

    ()
    (College of Humanities and Social Sciences, George Mason University)

  • Gerald Bushee

    ()
    (College of Liberal Arts and Social Sciences, University of the Virgin Islands)

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    Abstract

    This paper examines the influence of private property rights and monies on entrepreneurial discovery. A framework is presented and tested, which views these two institutions as key determinants of entrepreneurial discovery. Using several measures as proxies for their influence, two variables, minimum wage legislation and percentage government employment, support the idea that private property rights and monies are associated with entrepreneurial discovery as indicated by business starts, failures, patents and bankruptcy.

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    File URL: http://rri.wvu.edu/wp-content/uploads/2012/11/stalebrinkwp2007-8.pdf
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    Bibliographic Info

    Paper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 200708.

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    Length: 15 pages
    Date of creation: 2007
    Date of revision:
    Handle: RePEc:rri:wpaper:200708

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    Keywords: property rights; entrepreneurship; regional development;

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    1. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
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