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Entrepreneurship and the business cycle: the “Schumpeter” effect versus the “refugee” effect—a French appraisal based on regional data

Author

Listed:
  • Mathilde Aubry

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School)

  • Jean Bonnet

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Patricia Renou-Maissant

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

Abstract

We study the influences of new-firm start-ups on growth at the regional and macroeconomic level in France using a quarterly database over the 1993–2011 period. We find that fluctuations in GDP are an early indicator of new-firm start-ups. Nevertheless, the most important relationships are found between the unemployment rate and new-firm start-ups. Entrepreneurship is mainly driven by an unemployment "push" effect that have consequences upon the potential of growth of new-firm start-ups in most of the French regions. The Île-de France region is an exception since the "Schumpeter" effect prevails in the long term.

Suggested Citation

  • Mathilde Aubry & Jean Bonnet & Patricia Renou-Maissant, 2015. "Entrepreneurship and the business cycle: the “Schumpeter” effect versus the “refugee” effect—a French appraisal based on regional data," Post-Print halshs-01101962, HAL.
    • Handle: RePEc:hal:journl:halshs-01101962
    DOI: 10.1007/s00168-014-0645-x
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    Citations

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    Cited by:

    1. Eva Coll-Martinez & Malia Kedjar & Patricia Renou-Maissant, 2020. "Location Determinants Of Ecoinnovative Firms In France," Working Papers 2020.02, International Network for Economic Research - INFER.
    2. David Urbano & Sebastian Aparicio & David Audretsch, 2019. "Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?," Small Business Economics, Springer, vol. 53(1), pages 21-49, June.
    3. Rafik Abdesselam & Jean Bonnet & Patricia Renou-Maissant & Mathilde Aubry, 2014. "What happened to entrepreneurial economies after the financial crisis? An empirical study of OECD countries," Economics Working Paper Archive (University of Rennes & University of Caen) 201416, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    4. Bellido, Héctor, 2020. "Análisis internacional de las decisiones emprendedoras: aspectos económicos, emocionales, saludables y familiares [International analysis of entrepreneurial decisions: economic, emotional, healthy and family aspects]," MPRA Paper 104487, University Library of Munich, Germany.
    5. Jaeyeob Jeong & Myeonggil Choi, 2017. "The Expected Job Satisfaction Affecting Entrepreneurial Intention as Career Choice in the Cultural and Artistic Industry," Sustainability, MDPI, vol. 9(10), pages 1-16, September.
    6. Josep-Maria Arauzo-Carod & Eva Coll-Martínez & Camelia Turcu, 2024. "Location attributes explaining the entry of firms in creative industries: evidence from France," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 72(1), pages 223-254, January.
    7. Halicioglu, Ferda & Yolac, Sema, 2015. "Testing the impact of unemployment on self-employment: empirical evidence from OECD countries," MPRA Paper 65026, University Library of Munich, Germany.
    8. Dorine Cornet & Jean Bonnet & Sébastien Bourdin, 2023. "Correction to: Digital entrepreneurship indicator (DEI): an analysis of the case of the greater Paris metropolitan area," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 725-725, December.
    9. Marie-Estelle Binet & Ewen Lebrun & Matthieu Leprince, 2023. "Does intermunicipal cooperation favor higher firm creation? French evidence from a natural experiment," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 651-670, December.
    10. Jean Bonnet & Sébastien Bourdin & Fatten Gazzah, 2017. "The entrepreuneurial context, a factor of Economic Growth in the Europe Union? A GWR analysis on the EU Regions," Working Papers halshs-01619798, HAL.
    11. Jean Bonnet, 2016. "From Knowledge to Innovation Economy: Developing Education and Creating Entrepreneurial Ecosystems," Economics Working Paper Archive (University of Rennes & University of Caen) 2016-02, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    12. Arnab Bhattacharjee & Jean Bonnet & Nicolas Le Pape & Régis Renault, 2016. "Going into Business and Out of Business: The Role of Human Capital," Economics Working Paper Archive (University of Rennes & University of Caen) 2016-04, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.

    More about this item

    Keywords

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    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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