Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110999
Authors: 
Carree, Martin
Thurik, Roy
Year of Publication: 
2006
Series/Report no.: 
Papers on Entrepreneurship, Growth and Public Policy 0206
Abstract: 
This note investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21 OECD countries. Our results confirm earlier evidence on three stages in the impact of entry on economic growth: an initial direct positive effect, followed by a negative effect due to exiting capacities and finally a stage of positive supply-side effects. The net effect is positive for employment and GDP growth. Changes in the number of business owners have no effect on labor productivity.
Subjects: 
Business ownership
entrepreneurship
economic growth
lag structure
JEL: 
O40
M13
Document Type: 
Working Paper

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