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Business cycle and entrepreneurial behavior using French regional data

Author

Listed:
  • Mathilde Aubry

    (EM Normandie, Métis Research Department, France)

  • Jean Bonnet

    (University of Caen Basse-Normandie - CREM UMR CNRS 6211, France)

  • Patricia Renou-Maissant

    (University of Caen Basse-Normandie - CREM UMR CNRS 6211, France)

Abstract

We study the influences of new firms startups on growth in regional and macroeconomic dimensions in France using a quarterly data basis over the 1993-2011 period. We find that fluctuations in GDP are an early indicator of new firm startups. Nevertheless the most important relationships are found between unemployment rate and new firms startups. Entrepreneurship is mainly driven by necessity motives that have consequences upon potential of growth of new firms startups in most of the French regions.

Suggested Citation

  • Mathilde Aubry & Jean Bonnet & Patricia Renou-Maissant, 2013. "Business cycle and entrepreneurial behavior using French regional data," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201304, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    • Handle: RePEc:tut:cremwp:201304
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    References listed on IDEAS

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    More about this item

    Keywords

    New firm formation; Business cycle; Schumpeter effect; «refugee» effect; panel data;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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