Cycle économique et comportement entrepreneurial sur données régionales françaises
In this paper, we study the links between new-firm startups, gross domestic product (GDP) and unemployment rate in France using a quarterly data basis over the 1993-2011 period. Interactions are analyzed, in the short and long run, in two main dimensions: the regional and the national dimensions. Fluctuations in GDP are an early indicator of the new-firm startups at the national level but this effect disappears at the regional level. Unemployment rates and new-firm startups are closely linked in the short-run as well as in the long-run and show evidence of the presence of the REFUGEE?s effect and the SCHUMPETER?s effect. In most of the regions, the REFUGEE?s effect seems to be dominant: the increase of the unemployment rate leads to an increase in the entrepreneurial activity. Thus, in France new-firm startups are mainly driven by necessity motives.
Year of publication: |
2014
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Authors: | Aubry, Mathilde ; Bonnet, Jean ; Renou-Maissant, Patricia |
Published in: |
Revue d'économie régionale et urbaine. - Armand Colin. - Vol. novembre.2014, 4, p. 643-675
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Publisher: |
Armand Colin |
Saved in:
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