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The birth of new firms?Does unemployment matter? A review of the evidence
Open accessAbstract
The purpose of this paper is to review the most significant recent literature identifying the determinants of new-firm births and the role that unemployment plays. In doing so, the paper draws upon two distinct strands in the economics literature. The first strand of literature is from the field of industrial organization, where the role of entry has been examined within the structure-conduct-performance paradigm. The second strand comes from the literature on entreprepreneurship. Whereas the first approach tends to focus on the industry as the unit of analysis and is concerned primarily with inter-industry comparisons, the second strand of literature is more oriented towards the firm as a unit of analysis and the impact exerted by the macro-economic environment. It is concluded that the most important development for future research is at the interface of these two approaches.
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Cites
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Cited by
Entrepreneurship, Innovation and Economic Growth: Evidence from GEM data
Wong, P. K., Ho, Y. P., & Autio, E. (2005) · Small Business Economics · doi:10.1007/s11187-005-2000-1 · Cited by 1,643
Can You Gig It? An Empirical Examination of the Gig Economy and Entrepreneurial Activity
Burtch, G., Carnahan, S., & Greenwood, B. N. (2018) · Management Science · doi:10.1287/mnsc.2017.2916 · Cited by 785
Explaining female and male entrepreneurship at the country level
Verheul, I., Stel, A. V., & Thurik, R. (2006) · Entrepreneurship & Regional Development · doi:10.1080/08985620500532053 · Cited by 647
An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture
Verheul, I., Wennekers, S., Audretsch, D., & Thurik, R. (2002) · Economics of Science, Technology and Innovation · doi:10.1007/0-306-47556-1_2 · Cited by 549
Entrepreneurship in the EU: To Wish and not to be
Grilo, I., & Irigoyen, J.-M. (2006) · Small Business Economics · doi:10.1007/s11187-005-1561-3 · Cited by 340
Metadata
- Authors
- Storey, D. J.
- Venue
- Small Business Economics
- Published
- 1991-09
- Volume
- 3
- Issue
- 3
- Pages
- 167-178
- ISSN
- 0921-898X (ISSN-L)
- 1573-0913
- OpenAlex
- W2078110963
- Cited by
- 483
- References
- 1
- FWCI
- 15.98
- Type
- journal article
- Language
- en
- Open access
- green
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- Storey, D. J. (1991). The birth of new firms?Does unemployment matter? A review of the evidence. Small Business Economics. https://doi.org/10.1007/bf00400022
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
