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Entrepreneurship Vulnerability to Business Cycle. A New Methodology for Identification Pro-cyclical and Counter-cyclical Patterns of Entrepreneurial Activity
Abstract
In literature, there is ongoing discussion whether entrepreneurial activity, approximated by, for instance, changes in self-employment, tends to behave pro-cyclically, counter-cyclically or rather is a-cyclical. Thus far, both theoretical and empirical evidence, where various multiple methodological approaches are used, does not provide clear answer to the latter; while widely offered explanations are scattered and lack robustness. This paper is designed to contribute to the present state of the art, by presenting a novel methodological approach to identification of the relationship between the intensity of entrepreneurial activity and business cycle. Put differently, we aim unveil if entrepreneurship (approximated by changes in self-employment) behaves pro-cyclically, counter-cyclically or a-cyclically. To exemplify our new conceptual approach, we use quarterly data on deflated gross domestic product and selfemployment. The empirical evidence presents the case of Italy. The period of analysis is restricted to the years 1995-2014. All statistics are extracted from OECD datasets on Annual Labor Force and Gross Domestic Product.
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- Category:
- Conference activity
- Type:
- materiały konferencyjne indeksowane w Web of Science
- Title of issue:
- Advancing Research in Entrepreneurship in the Global Context strony 601 - 637
- Language:
- English
- Publication year:
- 2016
- Bibliographic description:
- Lechman E., Dominiak P..: Entrepreneurship Vulnerability to Business Cycle. A New Methodology for Identification Pro-cyclical and Counter-cyclical Patterns of Entrepreneurial Activity, W: Advancing Research in Entrepreneurship in the Global Context, 2016, Cracow University of Economics ,.
- Verified by:
- Gdańsk University of Technology
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