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Self-Employment: Entrepreneurship Or Refuge From Unemployment? El Empleo Autonomo: ¿Emprendedurismo O Refugio Del Desempleo?

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  • Wilfredo Toledo

Abstract

The dynamics of self-employment have been examined in the literature from various perspectives. There are two hypotheses concerning the dynamics of this type of employment. One asserts it is the result of entrepreneurial capacities. The other states that these are low-quality jobs that bloom in economic downturns. This article examines this topic using a panel of the seven largest countries of the Organization for Economic Co-operation and Development from 1960 to 2015. A single equation linear regression model and a vector autoregressions system were estimated. The results of the estimation of the models suggest that self-employment behaves countercyclically

Suggested Citation

  • Wilfredo Toledo, 2020. "Self-Employment: Entrepreneurship Or Refuge From Unemployment? El Empleo Autonomo: ¿Emprendedurismo O Refugio Del Desempleo?," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 13(1), pages 1-13.
    • Handle: RePEc:ibf:riafin:v:13:y:2020:i:1:p:1-13
    as

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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Self-Employment; Economic Cycle; Structural Vector Autoregressive Models;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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