| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14638 |
| DP14638 Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery | |
| Vicente Bermejo; Miguel Ferreira; Daniel Wolfenzon; Rafael Zambrana | |
| 发表日期 | 2020-04-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The Spanish Christmas Lottery is the largest lottery worldwide. We exploit local windfall gains arising from lottery prizes to estimate the effect of income on entrepreneurship. We find higher firm creation and greater self-employment in winning provinces. Our estimates imply that 46 firms are created for every €1,000 increase in disposable income per capita. The effect occurs in both non-tradable and tradable industries, and is more pronounced in regions with poorer access to finance. Firms created in winning provinces are larger, create more value-added, and are more likely to survive. These results suggest that local income and financial development are important drivers of entrepreneurship. |
| 主题 | Financial Economics ; Labour Economics ; Public Economics |
| 关键词 | entrepreneurship Firm creation Aggregate income Local demand Financial development Self-employment Public policy |
| URL | https://cepr.org/publications/dp14638 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543551 |
| 推荐引用方式 GB/T 7714 | Vicente Bermejo,Miguel Ferreira,Daniel Wolfenzon,et al. DP14638 Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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