Persistence in entrepreneurship and its implications for the European entrepreneurial promotion policy
Jose Maria Millan (),
Emilio Congregado () and
Journal of Policy Modeling, 2014, vol. 36, issue 1, 83-106
By considering entrepreneurs who hire employees – employers – and entrepreneurs without personnel – own-account workers – as related but distinct groups within entrepreneurship, this work analyzes the roles of different factors in entrepreneurship survival in Europe from a new perspective: contrasting the determinants of own-account workers’ survival with those affecting employers’ survival in the EU-15. Our results confirm the presence of persistence in entrepreneurship. However, we also obtain a strong negative effect on survival of entering entrepreneurship from unemployment. Hence, policymakers should balance these mixed results to evaluate the medium- and long-term suitability of the existing entrepreneurial promotion policy across European regions.
Keywords: Entrepreneurship; Own-account workers; Employers; Business cycle; Persistence (search for similar items in EconPapers)
JEL-codes: J24 J28 J38 J64 J68 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:36:y:2014:i:1:p:83-106
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