Determinants of New Firm Formation in Taiwan
The main objective of this paper is to explore the factors influencing new firm formation in Taiwan. The paper makes use of both cross-sectional and time-series data for the period 1986–2001, using the fixed effect model to try to determine the factors affecting new firm formation. The impacts of industry health, production costs, capital cost, number of employed persons, the unemployment rate, and the economic growth rate are found to be more or less as anticipated. However, only production costs, capital cost, and the unemployment rate are significant with confidence levels of 95% and 90%, respectively. The results also suggest that Taiwan currently is located at the unemployment borderline proposed by Hamilton, and thus a recession-push is already operating, while a prosperity-pull is starting to make itself felt. Copyright Springer 2006
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Audretsch & Michael Fritsch, 1999. "The Industry Component of Regional New Firm Formation Processes," Review of Industrial Organization, Springer, vol. 15(3), pages 239-252, November.
When requesting a correction, please mention this item's handle: RePEc:kap:sbusec:v:27:y:2006:i:4:p:313-321. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.