Economic Policy Uncertainty and Entrepreneurship: A Bad for a Good?
Canh Nguyen and
Journal of Entrepreneurship and Innovation in Emerging Economies, 2021, vol. 30, issue 1, 81-133
The study examines the influences of the global/domestic economic policy uncertainty (EPU) on entrepreneurship in a sample of 23 economies over the period 2006â€“2016. Employing the two-step system General Method of Moment estimation for unbalanced panel data, our study provides surprising evidence, indicating that EPU may not always be harmful to entrepreneurship. Precisely, in contrast with existing literature emphasising the negative impact of the uncertainty on entrepreneurship, our article suggests that EPU seems to boost pro-entrepreneurial social and cultural norms (i.e., encouraging actions for creation of new businesses). As such, we suggest that uncertainty may serve as an exogenous shock, filtering â€˜goodâ€™ business ventures from â€˜not-so-goodâ€™ ones.
Keywords: Economic policy uncertainty; entrepreneurship; entrepreneurship attitudes; institutions (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:jouent:v:30:y:2021:i:1:p:81-133
Access Statistics for this article
More articles in Journal of Entrepreneurship and Innovation in Emerging Economies from Entrepreneurship Development Institute of India
Bibliographic data for series maintained by SAGE Publications ().