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

Abstract: 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.

Date: 2012
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DOI: 10.1080/13504851.2011.566175

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