How accurate are VAT registrations as a measure of entrepreneurship?

Andrew G Ross, Kenny Crossan and Linda Juleff

Local Economy, 2012, vol. 27, issue 3, 279-296

Abstract: Comparing VAT registration data with Scottish Clearing Bank Statistics on new start-up activity we assess the extent to which VAT registration data reflect the general level of start-up activity in the Scottish economy for the period 2002–2009. Findings reveal that VAT registration data underestimate the general level of start-up activity by 39%. The data also reveal there is considerable spatial variation in start-up activity across Scottish regions and the recent recession has affected start-up activity irrespective of which measure is used. It is also clear, however, that the recession has affected the general level of start-up activity to a far greater extent.

Keywords: entrepreneurship; new firm formation; Scotland; VAT registration (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:loceco:v:27:y:2012:i:3:p:279-296

DOI: 10.1177/0269094211434476

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