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Serial Entrepreneurship in China

By Loren Brandt, Ruochen Dai, Gueorgui Kambourov, Kjetil Storesletten, and Xiaobo Zhang

American Economic Journal: Macroeconomics

This paper studies entrepreneurship and firm creation through the lens of serial entrepreneurs – entrepreneurs who establish more than one firm. Using data covering the universe of Chinese firms, we document key facts about serial and non-serial entre...