Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approach focusing on the net development of the number of entrepreneurs in an equilibrium framework and (ii) the approach focusing on the entries and exits of entrepreneurs. In this paper we unify these...

This research report provides a framework for modelling rates of entrepreneurship. The proposed framework may be helpful in separating the effects of a range of different variables, all possibly affecting the rate to which people choose to become or remain self-employed. We unify two approaches...

Many regional development policy initiatives assume that entrepreneurial activities promote economic growth. Empirical research has presented rationale for this argument showing that small firms create proportionally more new jobs than large ones. However, little research has been performed on...

This paper investigates the dynamic interrelationship between self-employment and unemployment rates. On the one hand, unemployment rates may stimulate start-up activity of self-employed. On the other hand, higher rates of self-employment may indicate increased entrepreneurial activity reducing...

We investigated the development of business ownership (self-employment) rates over time at the sectoral level and the effect of these rates on sectoral output growth. In an earlier exercise, Carree et al. (2002) presented an analysis of the interrelationship between economy-wide...

Studie naar de relatie tussen het aantal zelfstandige ondernemers en economische groei. Onderzocht wordt het bestaan van een lange termijn relatie tussen het aantal ondernemers en de fase van economische ontwikkeling. Daarnaast wordt ingegaan op het feit dat zelfstandige ondernemerschap...

Following a centuries-long decline in the rate of self-employment, a discontinuity in this downward trend is observed for many advanced economies starting in the 1970s and 1980s. In some countries the rate of self-employment appears to increase. At the same time, cross-sectional analysis shows a...

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 original...

In this report we investigated the development of business ownership (self-employment) rates over time at the sectoral level, and the effect these rates have on sectoral output growth. In an earlier exercise, Carree et al. (2002) presented a two-equation model to analyse the interrelationship...

Entrepreneurial activity is generally assumed to be an important aspect of the organization of industries most conducive to innovative activity and unrestrained competition. This paper investigates whether total entrepreneurial activity influences GDP growth for a sample of 36 countries. We test...