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The relation between economic development and business ownership revisited
Carree, Martin Anthony; Stel, Adriaan J. van; Thurik, … - 2007
This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...
Persistent link: https://www.econbiz.de/10011372525
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Business ownership and economic growth in 23 OECD countries
Carree, Martin Anthony; Stel, Adriaan J. van; Thurik, … - 2000
In the present paper we address the relationship between the extentof business ownership (self-employment) and economic development. We will focusupon three issues. First, how is the equilibrium rate of business ownershiprelated to the stage of economic development? Second, what is the speed...
Persistent link: https://www.econbiz.de/10011302609
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Uncertainty avoidance and the rate of business ownership across 22 OECD countries, 1976 - 2000
Wennekers, A. R.; Thurik, Adriaan R.; Stel, Adriaan J. van - 2004
countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …, suggesting that risingopportunity costs of entrepreneurship are the dominant perception in this cultural environment. In a …
Persistent link: https://www.econbiz.de/10011334327
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Impeded industrial restructuring : the growth penalty
Audretsch, David B.; Carree, Martin Anthony; Stel, … - 2000
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10011304393