Resource title

The lag structure of the impact of business ownership on economic performance in OECD countries

Resource image

image for OpenScout resource :: The lag structure of the impact of business ownership on economic performance in OECD countries

Resource description

This note investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21 OECD countries. Our results confirm earlier evidence on three stages in the impact of entry on economic growth: an initial direct positive effect, followed by a negative effect due to exiting capacities and finally a stage of positive supply-side effects. The net effect is positive for employment and GDP growth. Changes in the number of business owners have no effect on labor productivity.

Resource author

Martin A. Carree, A. Roy Thurik

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24900

Resource license

Adapt according to the presented license agreement and reference the original author.