On the Duration of Self-Employment: The Impact of Macroeconomic Conditions
AbstractThe article examines the role of lending rates, imports and growth on the duration of self-employment in Zimbabwe while the country embarked on trade liberalisation. The variables were selected because of their importance as policy variables in reform programmes and also their importance to small entrepreneurs. Previous research has established the importance of an initial endowment and other measures of human capital on entry into self-employment as well as growth of the respective enterprises. We show that such initial conditions do not always give robust results. Instead, duration of self-employment is negatively related to higher lending rates, increased imports and structural change, but responds positively to growth.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Development Studies.
Volume (Year): 39 (2002)
Issue (Month): 1 ()
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- Justin van der Sluis & Mirjam van Praag & Wim Vijverberg, 2003. "Entrepreneurship Selection and Performance," Tinbergen Institute Discussion Papers 03-046/3, Tinbergen Institute, revised 24 Sep 2004.
- José Millán & Emilio Congregado & Concepción Román, 2012. "Determinants of self-employment survival in Europe," Small Business Economics, Springer, vol. 38(2), pages 231-258, February.
- José María Millán & Emilio Congregado & Concepción Román, 2010. "Determinants of Self-Employment Dynamics and their Implications on Entrepreneurial Policy Effectiveness," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 72, pages 45-76.
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