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

Odd Stalebrink (), John Sacco () and Gerald Bushee ()
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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

Working Papers from Regional Research Institute, West Virginia University

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.

Keywords: property rights; entrepreneurship; regional development (search for similar items in EconPapers)
JEL-codes: O1 O2 R11 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2007wp08

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