Business ownership and sectoral growth
AbstractIn this report we investigated the development of business ownership (self-employment) rates over time at the sectoral level, and the effect these rates have on sectoral output growth. In an earlier exercise, Carree et al. (2002) presented a two-equation model to analyse the interrelationship between economy-wide business-ownership rates and economic development. Their analysis raises an important research question: to what extent do differences in business ownership at the economy-wide level reflect differences in the sectoral structures of economies or differences in business-ownership rates at the sectoral (or even industry) level? The current paper investigates this question making use of a sectoral data base of 21 OECD countries for the period 1970-98. Our estimation results suggest that for our sample of OECD countries there is, on average, a too low business-ownership rate in manufacturing and a too high business-ownership rate in services. The results also show that the results found in Carree et al. (2002) are not solely due to countries differing in sectoral structures.
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Bibliographic InfoPaper provided by Maastricht University in its series Open Access publications from Maastricht University with number urn:nbn:nl:ui:27-3879.
Date of creation: 2004
Date of revision:
Publication status: Published in International small business journal (2004) v.22, p.389-409
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- Niels Noorderhaven & André van Stel & Roy Thurik & Sander Wennekers, 2005.
"Uncertainty Avoidance and the Rate of Business Ownership across 22 OECD Countries, 1976-2000,"
Papers on Entrepreneurship, Growth and Public Policy
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