nep-ent New Economics Papers
on Entrepreneurship
Issue of 2012‒12‒10
two papers chosen by
Marcus Dejardin
Notre-Dame de la Paix University

  1. Entrepreneurship training and self-employment among university graduates : evidence from a randomized trial in Tunisia By Premand, Patrick; Brodmann, Stefanie; Almeida, Rita; Grun, Rebekka; Barouni, Mahdi
  2. Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries By Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter

  1. By: Premand, Patrick; Brodmann, Stefanie; Almeida, Rita; Grun, Rebekka; Barouni, Mahdi
    Abstract: In economies characterized by low labor demand and high rates of youth unemployment, entrepreneurship training has the potential to enable youth to gain skills and create their own jobs. This paper presents experimental evidence on a new entrepreneurship track that provides business training and personalized coaching to university students in Tunisia. Undergraduates in the final year of licence appliquee were given the opportunity to graduate with a business plan instead of following the standard curriculum. This paper relies on randomized assignment of the entrepreneurship track to identify impacts on labor market outcomes one year after graduation. The analysis finds that the entrepreneurship track was effective in increasing self-employment among applicants, but that the effects are small in absolute terms. In addition, the employment rate among participants remains unchanged, pointing to a partial substitution from wage employment to self-employment. The evidence shows that the program fostered business skills, expanded networks, and affected a range of behavioral skills. Participation in the entrepreneurship track also heightened graduates’ optimism toward the future shortly after the Tunisian revolution.
    Keywords: Tertiary Education,Labor Markets,Primary Education,Access to Finance,Educational Sciences
    Date: 2012–12–01
    URL: http://d.repec.org/n?u=RePEc:wbk:wbrwps:6285&r=ent
  2. By: Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter
    Abstract: We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income per capita. This gives rise to a paradox, seen that risk tolerance has been found to be positively associated with personal income within countries. We show that this paradox can be explained by unified growth theory. These results are consistent with the prediction that risk attitudes act as a transmission mechanism for growth by encouraging entrepreneurship. Furthermore, our study shows that risk attitudes vary considerably between countries and that for typical experimental stakes, risk seeking or neutrality is just as frequent as risk aversion. --
    Keywords: risk attitudes,cultural comparison,economic growth,comparative development
    JEL: D01 D03 D81 E02 O10 O11 O12
    Date: 2012
    URL: http://d.repec.org/n?u=RePEc:zbw:wzbrad:spii2012401&r=ent

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