The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.
The relationship between economic development and business ownership revisited
Abstract
This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role in determining both the growth of business ownership and that of economic development. Two extensions of the original set-up are addressed: using longer time series of averaged data of 23 OECD countries (up to 2004) we can discriminate between different functional forms of the ‘equilibrium’ rate and we allow for different penalties for being above or under the ‘equilibrium’ rate. The additional data do not provide evidence of a superior statistical fit of a U-shaped ‘equilibrium’ relationship when compared to an L-shaped one. There appears to be a growth penalty for having too few business owners but not for having too many.
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Cites
Culture's Consequences: Comparing Values, Behaviors, Institutions, and Organizations across Nations
Bhagat, R. S., & Hofstede, G. (2002) · The Academy of Management Review · doi:10.2307/4134391 · Cited by 21,664
The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
JENSEN, M. C. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04022.x · Cited by 8,528
The Second Industrial Divide: Possibilities for Prosperity
Becker, W. H., Piore, M. J., & Sabel, C. F. (1987) · The Journal of American History · doi:10.2307/1904160 · Cited by 4,315
Scale and Scope: The Dynamics of Industrial Capitalism
Leblebici, H., & Chandler, A. D. (1991) · The Academy of Management Review · doi:10.2307/258922 · Cited by 2,880
The Effect of Entrepreneurial Activity on National Economic Growth
Stel, A. V., Carree, M., & Thurik, R. (2005) · Small Business Economics · doi:10.1007/s11187-005-1996-6 · Cited by 1,355
Self-citationWhat's New about the New Economy? Sources of Growth in the Managed and Entrepreneurial Economies
Audretsch, D. B. (2001) · Industrial and Corporate Change · doi:10.1093/icc/10.1.267 · Cited by 986
Nascent entrepreneurship and the level of economic development
Wennekers, S., van Stel, A., Thurik, R., & Reynolds, P. (2008) · Small Business Economics · doi:10.1007/s11187-007-9066-x · Cited by 885
Self-citationDoes self-employment reduce unemployment?
Thurik, A. R., Carree, M. A., van Stel, A., & Audretsch, D. B. (2008) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2008.01.007 · Cited by 748
Self-citationCarree, M., van Stel, A., Thurik, R., & Wennekers, S. (2002) · Small Business Economics · doi:10.1023/a:1019604426387 · Cited by 735
Self-citationExplaining 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
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Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence
Aparicio, S., Urbano, D., & Audretsch, D. (2016) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2015.04.006 · Cited by 678
Entrepreneurship capital types and economic growth: International evidence
Urbano, D., & Aparicio, S. (2016) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2015.02.018 · Cited by 259
The Prevalence and Determinants of Social Entrepreneurship at the Macro Level
Hoogendoorn, B. (2016) · Journal of Small Business Management · doi:10.1111/jsbm.12301 · Cited by 170
Metadata
- Authors
- Carree, M., Van Stel, A., Thurik, R., & Wennekers, S.
- Venue
- Entrepreneurship & Regional Development
- Publisher
- Informa UK Limited
- Published
- 2007-05
- Volume
- 19
- Issue
- 3
- Pages
- 281-291
- ISSN
- 0898-5626 (ISSN-L)
- 1464-5114
- OpenAlex
- W2141002594
- Cited by
- 323
- References
- 27
- FWCI
- 22.18
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.
