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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19998| Title: | Does self-employment reduce unemployment? |
| Keywords: | M13 L11 ddc:330 entrepreneurship Gibrat's Law self-employment unemployment Selbstständige Beschäftigungseffekt Arbeitslosigkeit VAR-Modell OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Description: | This paper investigates the dynamic interrelationship between self-employment and unemployment rates. On the one hand, unemployment rates may stimulate start-up activity of self-employed. On the other hand, higher rates of self-employment may indicate increased entrepreneurial activity reducing unemployment in subsequent periods. These two effects have resulted in considerable ambiguities about the interrelationship between unemployment and entrepreneurial activity. This paper introduces a two-equation vector autoregression model capable of reconciling these ambiguities and tests it for data of 23 OECD countries over the period 1974-2002. The empirical results confirm the two distinct relationships between unemploy-ment and self-employment, i.e. "refugee" and "entrepreneurial" effects. We also find that the "entrepreneu-rial" effects are considerably stronger than the "refugee" effects. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19998 |
| Other Identifiers: | http://hdl.handle.net/10419/19998 ppn:494667567 |
| Appears in Collections: | EconStor |
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