Testing for hyteresis in entrepreneurship in 23 countries

Simon Parker, Emilio Congregado, Antonio Golpe

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)61-66
Number of pages6
JournalApplied Economics Letters
Volume19
Issue number1
Early online date16 May 2011
DOIs
Publication statusPublished - 2012

Keywords

  • entrepreneurship
  • hysteresis
  • multiple breaks
  • self-employment
  • panel unit root tests

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