Entrepreneurship: The role of extreme events

Tilman Brück, Fernanda Llussá and José A. Tavares

European Journal of Political Economy, 2011, vol. 27, issue S1, S78-S88

Abstract: 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.

Keywords: Extreme events; Terrorism; Natural disasters; Perceptions; Entrepreneurship (search for similar items in EconPapers)
JEL-codes: C83 L26 Q54 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0176268011000796
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:27:y:2011:i:s1:p:s78-s88

DOI: 10.1016/j.ejpoleco.2011.08.002

Access Statistics for this article

European Journal of Political Economy is currently edited by J. De Haan, A. L. Hillman and H. W. Ursprung

More articles in European Journal of Political Economy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().