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Persistence in entrepreneurship and its implications for the European entrepreneurial promotion policy

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  • Millán, José María
  • Congregado, Emilio
  • Román, Concepción

Abstract

By considering entrepreneurs who hire employees – employers – and entrepreneurs without personnel – own-account workers – as related but distinct groups within entrepreneurship, this work analyzes the roles of different factors in entrepreneurship survival in Europe from a new perspective: contrasting the determinants of own-account workers’ survival with those affecting employers’ survival in the EU-15. Our results confirm the presence of persistence in entrepreneurship. However, we also obtain a strong negative effect on survival of entering entrepreneurship from unemployment. Hence, policymakers should balance these mixed results to evaluate the medium- and long-term suitability of the existing entrepreneurial promotion policy across European regions.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Policy Modeling.

Volume (Year): 36 (2014)
Issue (Month): 1 ()
Pages: 83-106

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Handle: RePEc:eee:jpolmo:v:36:y:2014:i:1:p:83-106

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Web page: http://www.elsevier.com/locate/inca/505735

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Keywords: Entrepreneurship; Own-account workers; Employers; Business cycle; Persistence;

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Cited by:
  1. Emilio Congregado & José María Millán & Concepción Román, 2014. "The emergence of new entrepreneurs in Europe," Economie Internationale, CEPII research center, issue 138, pages 28–48.

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