... for these varied effects is the role of human capital as a moderating factor. Although FI provides necessary resources, the way nascent entrepreneurs leverage them depends on their human capital. Formal education Financial inclusion Human capital Entrepreneurship GEM data G20 J24 M13 O16 O50...

... or household behavior. The authors do not know the variance and the distribution of responses to the questions asked and the locations in which the surveys were conducted. Another limitation is that GEM data do not report regional variations which can be modeled. For future work, the authors suggest more...