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 language | English |
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Pages (from-to) | 61-66 |
Number of pages | 6 |
Journal | Applied Economics Letters |
Volume | 19 |
Issue number | 1 |
Early online date | 16 May 2011 |
DOIs | |
Publication status | Published - 2012 |
Keywords
- entrepreneurship
- hysteresis
- multiple breaks
- self-employment
- panel unit root tests