Suchergebnisse

SummaryThis research focuses on the impact of immigration on entrepreneurship. I find clear evidence that immigration has a significant impact on entrepreneurship. The paper makes three important contributions to the research of both immigration and entrepreneurship. First, it proposes unique empirical evidence using a cross‐section analysis in which the country's level of immigrants has a significantly positive affect on its level of entrepreneurship. Second, it adds to the theoretical understanding of the mechanisms and environments that characterize positive immigration effects on entrepreneurship. I suggest that country‐specific characteristics – in particular urban, open, competitive and culturally diversified (including open minded for ethnic and gender diversity) – influence significantly the positive effect of immigrants on the country's level of entrepreneurship. Furthermore, these positive effects are magnified as the flow of immigrants grows. Third, it uses for the first time in the literature a cross‐section data set of 176 countries of immigrants and entrepreneurial activity.

Financial development negatively affects inequality and poverty in many countries. This research uniquely examines whether the negative effect of financial development on inequality in Israel is also significantly dependent on the gender, ethnic, and religious characteristics of the population. The results suggest that a part of the role that underdeveloped financial systems play in inequality may be due to favoritism toward advantaged majority groups regarding allocation of small business credit. The research has important policy implications regarding the role of financial system regulation and the effect of favoritism in determining inequality and poverty patterns.

This book illustrates the role of international economic advisors in the development of Israel's economic policies. Based on extensive archival and historical research, it presents case studies on the policy impacts of the world-renowned advisors Michal Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein and Stanley Fischer. The authors evaluate the contributions of these advisors to policy developments in various fields, including international trade and capital flows, exchange rates, fiscal and monetary policy, industrial policy and labor relations. Readers will discover a wealth of previously unpublished information on these advisors' activities, perspectives on policy and interactions with policymakers and the public. Using the Israeli experience as a guide, the authors subsequently derive general hypotheses regarding the conditions that are conducive to the success of economic advisors