Simulation of Public Cash Transfer Programs on US Entrepreneurs' Financing Constraint

Liukun Wu

Papers from arXiv.org

Abstract: In this paper, I conduct a policy exercise about how much the introduction of a cash transfer program as large as a Norwegian-sized lottery sector to the United States would affect startups. The key results are that public cash transfer programs (like lottery) do not increase much the number of new startups, but increase the size of startups, and only modestly increase aggregate productivity and output. The most important factor for entrepreneurs to start new businesses is their ability.

Date: 2024-09
New Economics Papers: this item is included in nep-ent and nep-fdg
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