Erika Färnstrand Damsgaard, Per Hjertstrand, Pehr-Johan Norbäck, Lars Persson, Helder Vasconcelos, 23 November 2017

Most developed economies provide significant subsidies to small businesses to encourage innovation. This column argues that while subsidies to reduce entry costs may increase entrepreneurial entry, they can also lead to a reduction in the likelihood of ‘breakthrough’ inventions. Entry costs, which are incurred when an innovation project is successful, prompt small firms and entrepreneurs to pursue high-risk, high-reward innovations.

Yves Zenou, 17 November 2010

Can transportation policies impact employment levels in cities? Discussion Paper 8110 models the linkages between poverty, unemployment, rural migrantion, and transport infrastructure. The author concludes that improving urban transport can positively affect employment levels.

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