Testing for hysteresis in entrepreneurship in 23 OECD countries
Simon Parker (),
Emilio Congregado () and
Antonio Golpe ()
Applied Economics Letters, 2012, vol. 19, issue 1, 61-66
We explore the macrostructure of entrepreneurship rates in a panel of 23 OECD countries over 1972--2006. We find that rates of entrepreneurship in OECD countries exhibit persistence rather than hysteresis. Implications for the design of entrepreneurship policies are discussed.
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