NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Social Networks, Ethnicity, and Entrepreneurship

William R. Kerr, Martin Mandorff

NBER Working Paper No. 21597
Issued in September 2015, Revised in July 2019

---- Acknowledgments ----

Comments are appreciated and can be sent to wkerr@hbs.edu. We thank Emek Basker, Gary Becker, Michel Beine, Ola Bengtsson, Gustaf Bruze, Dennis Carlton, Barry Chiswick, Rob Fairlie, Matthew Gentzkow, John Haltiwanger, Emil Iantchev, Svante Janson, Mini Kaur, Steven Lalley, Anne Le Brun, Ben Mathew, Trang Nguyen, Andriy Protsyk, Yona Rubinstein, Jesse Shapiro, Rachel Soloveichik, Chad Syverson, Catherine Thomas, Robert Topel and Nick Wormald and seminar participants for very valuable comments. We thank Meir Brooks and Rahul Gupta for excellent research support. The theory section of this paper draws heavily from Mandorff’s Ph.D. Dissertation at the University of Chicago. Financial support from the Marcus Wallenberg Foundation, the Jan Wallander and Tom Hedelius Foundation, the Esther and T.W. Schultz Dissertation Fellowship, the Markovitz Dissertation Fellowship, the Kauffman Foundation, and Harvard Business School is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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