Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73060
Authors: 
Farzanegan, Mohammad Reza
Year of Publication: 
2012
Series/Report no.: 
Joint Discussion Paper Series in Economics 24-2012
Abstract: 
Resource-rich countries of the Middle East and North Africa (MENA) have the highest youth unemployment rate in the world. While other parts of the world are experiencing an increasing trend in new firms' formation as a potential solution for their unemployment problem, the MENA region has the lowest records in new business establishments. In this study, we investigate the reasons behind such a significant lag of the resource-rich countries in entrepreneurship. Panel data for more than 80 countries from 2004-2009 shows that higher dependence on resource rents reduces entrepreneurship activities. The decline is more significant in countries with higher levels of point resources such as oil and coal.
Subjects: 
resource curse
entrepreneurship
panel data
JEL: 
O13
Q32
M13
Document Type: 
Working Paper

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