The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.
Do Entry Regulations Deter Entrepreneurship and Job Creation? Evidence from Recent Reforms in Portugal
Open accessAbstract
We evaluate the consequences of a recent regulatory reform in Portugal, which substantially reduced the cost of firm entry. Our analysis uses matched employer–employee data, which provide unusually rich information on the characteristics of founders and employees associated with new firms before and after the reform. We find that the short‐term consequences of the reform were as one would predict with a standard economic model of entrepreneurship: the reform resulted in increased firm formation and employment, but mostly among ‘marginal firms’ that would have been most readily deterred by existing heavy entry regulations. These marginal firms were typically small, owned by relatively poorly educated entrepreneurs, and operating in low‐technology sectors (agriculture, construction and retail trade). In comparison to firms that entered in the absence of the reform, these marginal firms were less likely to survive their first two years.
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Cites
The Theory of Economic Regulation
Stigler, G. J. (1971) · The Bell Journal of Economics and Management Science · doi:10.2307/3003160 · Cited by 8,098
The Theory of Economic Regulation
Stigler, G. J. (2021) · The Political Economy · doi:10.4324/9781315495811-8 · Cited by 5,483
Pigou, A. C. (1933) · The Economic Journal · doi:10.2307/2224491 · Cited by 5,137
Toward a More General Theory of Regulation
Peltzman, S. (1976) · The Journal of Law and Economics · doi:10.1086/466865 · Cited by 4,729
Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399436 · Cited by 3,956 · cited 6×
“In an effort to take the concerns raised by public interest theory seriously, some work focuses on the impact of regulation on potential market failures such as sub-standard product quality, pollution or public health (Djankov et al. , 2002; Bruhn, 2011; Yakovlev and Zhuravskaya, forthcoming).”
InfluentialAn estimated model of entrepreneurial choice under liquidity constraints
Evans, D. S., & Jovanovic, B. (1989) · Journal of Political Economy · doi:10.1086/261629 · Cited by 3,347
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Overconfidence and Excess Entry: An Experimental Approach
Camerer, C., & Lovallo, D. (1999) · American Economic Review · doi:10.1257/aer.89.1.306 · Cited by 2,226
The other path: the invisible revolution in the third world
(1990) · Futures · doi:10.1016/0016-3287(90)90116-y · Cited by 1,984
Entry regulation as a barrier to entrepreneurship
Klapper, L., Laeven, L., & Rajan, R. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2005.09.006 · Cited by 1,723 · cited 2×
“Previous empirical work has suggested that entry regulation results in increased firm size (Desai et al. , 2003; Klapper et al. , 2006; Fisman and Sarria-Allende, 2010).”
Cited by
Muppets and gazelles: political and methodological biases in entrepreneurship research
Nightingale, P., & Coad, A. (2014) · Industrial and Corporate Change · doi:10.1093/icc/dtt057 · Cited by 357
License to Sell: The Effect of Business Registration Reform on Entrepreneurial Activity in Mexico
Bruhn, M. (2011) · Review of Economics and Statistics · doi:10.1162/rest_a_00059 · Cited by 339
The Determinants of National Competitiveness
Delgado, M., Ketels, C., Porter, M., & Stern, S. (2012) · National Bureau of Economic Research · doi:10.3386/w18249 · Cited by 278
Self–Employment, Wealth and Start–up Costs: Evidence from a Financial Crisis
Elitcha, K., & Fonseca, R. (2018) · The B.E. Journal of Economic Analysis & Policy · doi:10.1515/bejeap-2017-0187 · Cited by 5
Metadata
- Authors
- Branstetter, L., Lima, F., Taylor, L. J., & Venâncio, A.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2013-07-16
- Volume
- 124
- Issue
- 577
- Pages
- 805-832
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2024053660
- Cited by
- 277
- References
- 44
- FWCI
- 8.22
- Type
- journal article
- Language
- en
- Open access
- green
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- Branstetter, L., Lima, F., Taylor, L. J., & Venâncio, A. (2014). Do Entry Regulations Deter Entrepreneurship and Job Creation? Evidence from Recent Reforms in Portugal. The Economic Journal. https://doi.org/10.1111/ecoj.12044
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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