Public Policy, Productive and Unproductive Entrepreneurship
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Public Policy, Productive and Unproductive Entrepreneurship

The Impact of Public Policy on Entrepreneurial Outcomes

Edited by Gregory M. Randolph, Michael T. Tasto and Robert F. Salvino Jr.

This exciting book provides fresh insight into how institutions, governments, regulations, economic freedom and morality impact entrepreneurship and public policy. Each chapter contains a rigorous analysis of the consequences of public policy and the effects of institutional decisions on the productivity of entrepreneurs. These chapters will help policymakers direct their efforts at creating a positive economic environment for entrepreneurs to flourish and for scholars to better understand the role policy plays on entrepreneurial activity.
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Chapter 3: The role of public policy in entrepreneurship and migration

Pavel A. Yakovlev and Saurav Roychoudhury


In this chapter, we review different types of entrepreneurship and the institutional environment in which they prosper, followed by a more detailed analysis of how government regulations and taxation may affect entrepreneurial and migration decisions. Several studies suggest that entrepreneurship and migration go hand in hand. Unfortunately, U.S. government policy has not always been kind to domestic and immigrant entrepreneurs alike. This chapter discusses how major U.S. government regulations in general, and taxes in particular, impose a significant burden on productive entrepreneurs, especially on those who run a small business. Particular attention is paid to the estate tax, which may have a disproportionate negative effect on small firms. Keywords: Entrepreneurship, regulation, taxation, migration

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