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October 20, 2014
 
 
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Jack (Jacques) A. Schnabel

Entrepreneurial Start-ups: Emerging Markets versus Developed Economies (Published Version)


Dr. Jacques A. Schnabel

published: 2006 | Research publication | Publications

Entrepreneurial start-ups in emerging markets versus developed economies are contrasted in the framework of an NPV model.  Interest rate changes are shown to induce changes in start-up timing in emerging markets but not in developed economies, a theoretical outcome that is broadly consistent with existing empirical evidence regarding the interest rate sensitivity of investment expenditures.

This paper was published in the September 2008 (Volume 1 Number 5) issue of the Journal of Money, Investment, and Banking.

Download: PDF (70k)    EntrepreneurialStart-ups_jmib_5_07.pdf

revised Sep 12/06

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