Resource Wealth and Entrepreneurship: A Blessing or a Curse?
Resource-rich countries of the Middle East and North Africa (MENA) have the highest youth unemployment rate in the world. While other parts of the world are experiencing an increasing trend in new firms’ formation as a potential solution for their unemployment problem, the MENA region has the lowest...
-д хадгалсан:
-д хэвлэсэн: | MAGKS - Joint Discussion Paper Series in Economics (Band 24-2012) |
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Үндсэн зохиолч: | |
Формат: | Arbeit |
Хэл сонгох: | англи |
Хэвлэсэн: |
Philipps-Universität Marburg
2012
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Нөхцлүүд: | |
Онлайн хандалт: | PDF-н бүрэн текст |
Шошгууд: |
Шошго нэмэх
Шошго байхгүй, Энэхүү баримтыг шошголох эхний хүн болох!
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Тойм: | Resource-rich countries of the Middle East and North Africa (MENA) have the highest youth unemployment rate in the world. While other parts of the world are experiencing an increasing trend in new firms’ formation as a potential solution for their unemployment problem, the MENA region has the lowest records in new business establishments. In this study, we investigate the reasons behind such a significant lag of the resource-rich countries in entrepreneurship. Panel data for more than 80 countries from 2004-2009 shows that higher dependence on resource rents reduces entrepreneurship activities. The decline is more significant in countries with higher levels of point resources such as oil and coal. |
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ISSN: | 1867-3678 |
DOI: | 10.17192/es2024.0138 |