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Business cycle and entrepreneurial behavior using French regional data

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  • 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.

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Bibliographic Info

Paper provided by Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS in its series Economics Working Paper Archive (University of Rennes 1 & University of Caen) with number 201304.

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Date of creation: Jan 2013
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Handle: RePEc:tut:cremwp:201304

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Postal: CREM (UMR CNRS 6211) - Faculty of Economics, 7 place Hoche, 35065 Rennes Cedex - France
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Keywords: New firm formation; Business cycle; Schumpeter effect; «refugee» effect; panel data;

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