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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Odd Stalebrink & John Sacco & Gerald Bushee, 2007. "The Role of Institutions of Private Property Rights and Money in Entreprenurial Discovery," Working Papers Working Paper 2007-08, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2007wp08
    as

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    File URL: https://researchrepository.wvu.edu/rri_pubs/68/
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    References listed on IDEAS

    as
    1. Henri L.F. de Groot & Peter Nijkamp & Roger R. Stough (ed.), 2004. "Entrepreneurship and Regional Economic Development," Books, Edward Elgar Publishing, number 3478, March.
    2. Murray N. Rothbard, 1997. "The Logic of Action One," Books, Edward Elgar Publishing, number 968, March.
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    More about this item

    Keywords

    property rights; entrepreneurship; regional development;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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