New business formation and employment growth: some evidence for the Spanish manufacturing industry

Josep Maria Arauzo Carod, Daniel Liviano Solís and Mònica Martín Bofarull
Authors registered in the RePEc Author Service: Josep-Maria Arauzo-Carod

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: This paper explores the effects of new business formation on employment growth in Spanish manufacturing industries. New firms are believed to make an important contribution to economic growth but the extent of this contribution is unclear. We consider time lags of new firm formation as explanatory variables of employment change and identify how long the effect of new firm entries on employment lasts. Our main results show that the effects of new business formation are positive in the short term, negative in the medium term and positive in the long term, thus confirming the existence of indirect supply-side effects found in similar studies for other countries. Key words: regional growth, firm entry, time lags and Spanish economy. JEL classifications: L00, L60, R11, R12

Keywords: Empreses -- Creació; Creació d'ocupació; Espanya; Manufactures (search for similar items in EconPapers)
Date: 2006
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http://hdl.handle.net/2072/3686

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Journal Article: New business formation and employment growth: some evidence for the Spanish manufacturing industry (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:urv:wpaper:2072/3686

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