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Liberalization of European Telecommunications and Entrepreneurship: Why German and Portuguese Experiences are so Equal and so Different?

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  • Leitão, João
  • Ferreira, João

Abstract

The paper aims to investigate the impact of the liberalization of European Telecommunications Markets, on the Business Ownership Rate, the Employment, the Gross Domestic Product, and the Investment in ICT, in two European countries: Germany and Portugal. For this purpose, a Cointegrated Vector Autoregressive (CVAR) approach is developed, in order to identify the impacts that are originated from the adoption of this kind of public policies. In the case of Germany, a surprising causality relationship is detected, in the sense that Gross Domestic Product precedes decreasing Business Ownership Rates. In the case of Portugal, the Business Ownership Rate pulls for additional investments in ICT. Besides, a creative entrepreneurial destruction is somehow ratified, since the Business Ownership Rate impacts, negatively, on the level of employment.

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File URL: http://mpra.ub.uni-muenchen.de/5801/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5728.

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Date of creation: 13 Nov 2007
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Handle: RePEc:pra:mprapa:5728

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Keywords: Entrepreneurship; Information and Communication Technologies; Cointegration; Vector Autoregressive Model;

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References

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  1. David B. Audretsch & Roy Thurik & Andre van Stel & M.A. Carree, 2006. "Does Self-Employment Reduce Unemployment?," Papers on Entrepreneurship, Growth and Public Policy 2005-07, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
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  15. Ricardo Pinto, 2005. "Challenges for public policy in promoting entrepreneurship in south eastern Europe," Local Economy, Taylor and Francis Journals, vol. 20(1), pages 111-117, February.
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Cited by:
  1. António B. Moniz, 2008. "The transformation of work? A quantitative evaluation of changes in work in Portugal," IET Working Papers Series 07/2008, Universidade Nova de Lisboa, IET/CESNOVA-Research on Enterprise and Work Innovation, Faculty of Science and Technology.

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