Economic uncertainty and business formation: A cross-country analysis

Reza Tajaddini and Hassan Gholipour Fereidouni

Journal of Business Venturing Insights, 2021, vol. 16, issue C

Abstract: The purpose of this study is to explore the long-run relationship between economic uncertainty and new business formation. By applying panel ARDL/PMG and dynamic fixed-effects models for three samples of countries over the period of 2006–2018, our results show that higher levels of economic uncertainty have an adverse relationship with the new business formation in the long-run. Our findings are robust with the inclusion of control variables, different estimation methods, and alternative measures of economic uncertainty.

Keywords: Economic uncertainty; Business formation; Panel ARDL/PMG (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:16:y:2021:i:c:s2352673421000524

DOI: 10.1016/j.jbvi.2021.e00274

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