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Does Entrepreneurship create enough Jobs in Europe? A Note

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  • Miltiades N. Georgiou
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    Abstract

    In the present note an effort will be made for a contribution to economic theory by extending the discussion paper "Entrepreneurship, Regional Development and Job Creation: The Case of Portugal" by R. Baptista, V. Escarta and P. Madruga, MPI, # 0605, in which the authors conclude (among others) that entrepreneurship creates jobs and reduces unemployment. This extension will be feasible by estimating the total economy´s entrepreneurship reward for Western European countries and relating it with the total economy's unemployment rate. A regression based on the estimation of total economy´s entrepreneurship reward will yield the same main results with the above article not only for Portugal but also for all Western European countries, that in any Western European country entrepreneurship creates enough jobs to reduce unemployment. This generalization with panel data econometric analysis is based on the discussion paper "A Practical Method to Measure Entrepreneurship's Reward: A Note" by M. N. Georgiou, MPI, #3805.

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    Bibliographic Info

    Paper provided by Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group in its series Papers on Entrepreneurship, Growth and Public Policy with number 2006-08.

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    Length: 11 pages
    Date of creation: Mar 2006
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    Handle: RePEc:esi:egpdis:2006-08

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    Keywords: entrepreneurship; unemployment;

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    1. Rui Baptista & Vítor Escária & Paulo Madruga, 2008. "Entrepreneurship, regional development and job creation: the case of Portugal," Small Business Economics, Springer, vol. 30(1), pages 49-58, January.
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    Cited by:
    1. Miltiades N. Georgiou, 2006. "An Empirical Relationship between Entrepreneurship and FDI. A Note," Papers on Entrepreneurship, Growth and Public Policy 2006-27, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.

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