Entrepreneurship: The role of extreme events

We use aggregate country data as well as individual level survey to uncover, for the first time, the effect of extreme events such as natural disasters and terrorist attacks on entrepreneurial activity. We find that natural disasters and terrorist attacks influence individual perceptions of the rewards to entrepreneurship and, more surprisingly, extreme events affect entrepreneurship rates positively in a robust and significant way.

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Year of publication:	2011
Authors:	Brück, Tilman ; Llussá, Fernanda ; Tavares, José A.
Published in:	European Journal of Political Economy. - Elsevier, ISSN 0176-2680. - Vol. 27.2011, S1, p. 78-78
Publisher:	Elsevier
Subject:	Extreme events \| Terrorism \| Natural disasters \| Perceptions \| Entrepreneurship

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Type of publication:	Article
Classification:	L26 - Entrepreneurship ; Q54 - Climate; Natural Disasters ; C83 - Survey Methods; Sampling Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011056255