We explore the macrostructure of entrepreneurship rates in a panel of 23 OECD countries over 1972–2006. We find that rates of entrepreneurship in OECD countries exhibit persistence rather than hysteresis. Implications for the design of entrepreneurship policies are discussed.
|Number of pages||6|
|Journal||Applied Economics Letters|
|Early online date||16 May 2011|
|Publication status||Published - 2012|
- multiple breaks
- panel unit root tests