Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249447 
Year of Publication: 
2022
Series/Report no.: 
QUCEH Working Paper Series No. 22-01
Publisher: 
Queen's University Centre for Economic History (QUCEH), Belfast
Abstract: 
What effect does political instability in the form of a potential secession from a political union have on business formation? Using new measures of business creation and political instability in Ireland during the late nineteenth-century, we test whether increased political instability arising from the Home Rule movement resulted in reduced entrepreneurial activity and business investment. We find that increased political instability led to a significant divergence of business creation between Scotland and Ireland. Our findings suggest that the effects of political instability on entrepreneurship were most acute in the parts of Ireland that were most concerned by potential changes.
Subjects: 
Ireland
Scotland
Home Rule
entrepreneurship
political risk
uncertainty
JEL: 
D80
L26
N43
N93
Document Type: 
Working Paper

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