Testing for Hysteresis in Entrepreneurship in 23 OECD Countries
13 Pages Posted: 23 Feb 2010
Date Written: February 22, 2010
We explore the macro structure of entrepreneurship rates in a panel of 23 OECD countries over 1972-2006. We find that rates of entrepreneurship in OECD’s countries exhibit persistence rather than hysteresis. Implications for the design of entrepreneurship policies are discussed.
Keywords: Entrepreneurship, Hysteresis, Multiple breaks, Self-employment, Hysteresis, Panel unit root tests
JEL Classification: C22, C23, J24, M13
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