Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

The Lag Structure of the Impact of Business Ownership on Economic Performance in OECD Countries

M. A. Carree and A. R. Thurik
Small Business Economics
Vol. 30, No. 1, Special Issue on: The Effects of New Businesses on Economic Development (January 2008), pp. 101-110
Published by: Springer
Stable URL: http://www.jstor.org/stable/40650897
Page Count: 10
  • Download ($43.95)
  • Cite this Item
The Lag Structure of the Impact of Business Ownership on Economic Performance in OECD Countries
Preview not available

Abstract

This paper investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21 OECD countries. Our results confirm earlier evidence on three stages in the impact of entry on economic performance: an initial direct positive effect, followed by a negative effect due to exiting capacities and finally a stage of positive supply-side effects. The net effect is positive for employment and GDP growth. Changes in the number of business owners have no effect on labor productivity.

Page Thumbnails

  • Thumbnail: Page 
[101]
    [101]
  • Thumbnail: Page 
102
    102
  • Thumbnail: Page 
103
    103
  • Thumbnail: Page 
104
    104
  • Thumbnail: Page 
105
    105
  • Thumbnail: Page 
106
    106
  • Thumbnail: Page 
107
    107
  • Thumbnail: Page 
108
    108
  • Thumbnail: Page 
109
    109
  • Thumbnail: Page 
110
    110