Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints

Silvia Ardagna, Annamaria Lusardi

NBER Working Paper No. 14012
Issued in May 2008

---- Acknowledgments ----

We would like to thank David Blanchflower, Boyan Jovanovic, Leora Klapper, Josh Lerner, Norman Loyaza, Maria Luengo-Prado, Ramana Nanda, Ana Maria Oviedo, Paul Reynolds, Antoinette Schoar, and Luis Serven for their comments and help with the data, and seminar participants at the NBER's International Differences in Entrepreneurship Conference, the European University Institute, the European Bank for Reconstruction and Development, and Northeastern University for their many suggestions. We also thank David Raines for his excellent research assistance; any errors are our responsibility. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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