Can oil-rich countries encourage entrepreneurship?

What is it about?

This study provides the first empirical investigation to test one of transmission channels of resource curse, i.e. marginalized entrepreneurship activities. Our panel data analysis of 65 countries from 2004 to 2011 shows a negative and statistically significant association between oil rents dependency and entrepreneurship indicator.

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Why is it important?

This is the first empirical investigation of the entrepreneurship effects of oil rents dependency.