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date: 27 September 2020

Abstract and Keywords

Entrepreneurship is about people in their roles as identifiers of opportunities and the exploiters of opportunities. Moreover, recent theories of opportunity have shed light on the role of knowledge, knowledge spillovers, human capital, agglomeration of knowledge, and similar spatial structures as being the key to entrepreneurship. This article focuses on the age of the establishment as measured by new-firm entry as the operational variable in entrepreneurship and discusses what variables are important in determining entry. The focus in this article is on the role of human capital as a barrier to entry and suggests that the lack of education is the greatest barrier to entry.

Keywords: start-ups, entry barriers, small-size firms, medium-size firms, population dynamics, human capital, entrepreneurship

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