CAUSAL RELATIONSHIPS BETWEEN ENTREPRENEURSHIP, UNEMPLOYMENT AND ECONOMIC GROWTH IN SELECTED COUNTRIES

IF 1.3 Q3 BUSINESS

Journal of Developmental Entrepreneurship Pub Date : 2022-10-01 DOI:10.1142/s1084946722500200

A. Davari, Leila Sefidbari, M. Khazaei, Kamal Sakhdari, Y. M. Jahromi

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引用次数: 2

Abstract

While the aggregate positive effects of entrepreneurship are assumed in many studies, there is a lack of empirical support for such assumptions. This study investigates the causal relationship between entrepreneurship, economic growth and unemployment. We also examine how a shock in one variable may influence other variables and the length of the effect. The findings of panel data from 39 countries collected between 2006 and 2016 using the Granger-causality test indicate a unidirectional causal effect of economic growth on entrepreneurship and unemployment. However, despite their correlation, no causal link was found between entrepreneurship and unemployment. The analysis of impulse-response functions also shows that only shocks from the entrepreneurship indicator are permanent in the model. Variance decomposition results reveal that the most important factor causing changes in entrepreneurship is the entrepreneurship indicator itself, implying that only specific entrepreneurial policies can affect the entrepreneurship indicator’s components and improve this indicator.

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选定国家创业、失业和经济增长之间的因果关系

虽然许多研究都假设创业的总体积极影响，但缺乏对这些假设的实证支持。本研究调查了创业、经济增长和失业之间的因果关系。我们还研究了一个变量中的冲击如何影响其他变量以及影响的长度。2006年至2016年间，使用格兰杰因果检验从39个国家收集的面板数据表明，经济增长对创业和失业具有单向因果效应。然而，尽管两者之间存在相关性，但在创业和失业之间没有发现因果关系。对脉冲响应函数的分析还表明，只有来自创业指标的冲击在模型中是永久的。方差分解结果表明，导致创业变化的最重要因素是创业指标本身，这意味着只有特定的创业政策才能影响创业指标的组成部分并改善这一指标。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Developmental Entrepreneurship BUSINESS-

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： The Journal of Developmental Entrepreneurship (JDE) provides a forum for the dissemination of descriptive, empirical, and theoretical research that focuses on issues concerning microenterprise and small business development, especially under conditions of adversity. The intended audiences for JDE are scholars who study issues of developmental entrepreneurship and professionals involved in governmental and non-governmental efforts to facilitate entrepreneurship in economic and community development programs around the world. Articles will cover a broad range of topics, including: -Entrepreneurship and self-employment in developing contexts -Challenges and opportunities unique to minority and women entrepreneurs -Microenterprise funds and private-sector small business lending practices -Legislation, regulation, and tax policy that impact entrepreneurship and economic development -Processes that facilitate growth and development within emerging enterprises -Networks within and among entrepreneurial ventures -Marketing patterns and approaches in venture growth and development -International developmental entrepreneurship programs -Entrepreneurship in the informal economic sector -Education and training for aspiring entrepreneurs -Industry practices that adversely affect microenterprise development -Economic and social impacts of microenterprise activity