Business cycle and entrepreneurial behavior using French regional data

Mathilde Aubry, Jean Bonnet and Patricia Renou-Maissant
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Mathilde Aubry: EM Normandie, Métis Research Department, France
Patricia Renou-Maissant: University of Caen Basse-Normandie - CREM UMR CNRS 6211, France

Economics Working Paper Archive (University of Rennes & University of Caen) from Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS

Abstract: We study the influences of new firms startups on growth in regional and macroeconomic dimensions in France using a quarterly data basis over the 1993-2011 period. We find that fluctuations in GDP are an early indicator of new firm startups. Nevertheless the most important relationships are found between unemployment rate and new firms startups. Entrepreneurship is mainly driven by necessity motives that have consequences upon potential of growth of new firms startups in most of the French regions.

Keywords: New firm formation; Business cycle; Schumpeter effect; «refugee» effect; panel data (search for similar items in EconPapers)
JEL-codes: E32 L26 R11 (search for similar items in EconPapers)
Date: 2013-01
New Economics Papers: this item is included in nep-bec, nep-ent, nep-geo, nep-mac, nep-sbm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:tut:cremwp:201304

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