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Liberalization of European Telecommunications and Entrepreneurship: Why German and Portuguese Experiences are so Equal and so Different?

  • Leitão, João
  • Ferreira, João

The paper aims to investigate the impact of the liberalization of European Telecommunications Markets, on the Business Ownership Rate, the Employment, the Gross Domestic Product, and the Investment in ICT, in two European countries: Germany and Portugal. For this purpose, a Cointegrated Vector Autoregressive (CVAR) approach is developed, in order to identify the impacts that are originated from the adoption of this kind of public policies. In the case of Germany, a surprising causality relationship is detected, in the sense that Gross Domestic Product precedes decreasing Business Ownership Rates. In the case of Portugal, the Business Ownership Rate pulls for additional investments in ICT. Besides, a creative entrepreneurial destruction is somehow ratified, since the Business Ownership Rate impacts, negatively, on the level of employment.

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File URL: http://mpra.ub.uni-muenchen.de/5728/1/MPRA_paper_5728.pdf
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File URL: http://mpra.ub.uni-muenchen.de/5801/1/MPRA_paper_5801.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5728.

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Date of creation: 13 Nov 2007
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Handle: RePEc:pra:mprapa:5728
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  1. André van Stel & Roy Thurik & David Audretsch & Martin Carree, 2007. "Does Self-Employment Reduce Unemployment?," Scales Research Reports H200709, EIM Business and Policy Research.
  2. David B. Audretsch & Roy Thurik, 2001. "Linking Entrepreneurship to Growth," OECD Science, Technology and Industry Working Papers 2001/2, OECD Publishing.
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  11. Ingrid Verheul & Sander Wennekers & David Audretsch & Roy Thurik, 2001. "An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture," Tinbergen Institute Discussion Papers 01-030/3, Tinbergen Institute.
  12. Piatkowski, Marcin, 2005. "The Potential of ICT for the Development and Economic Restructuring of the New EU Member States and Candidate Countries," MPRA Paper 29397, University Library of Munich, Germany.
  13. Rui Baptista & Roy Thurik, 2004. "The Relationship between Entrepreneurship and Unemployment: is Portugal an Outlier?," Papers on Entrepreneurship, Growth and Public Policy 2004-40, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  14. Stam, Erik & Stel, Andre van, 2009. "Types of Entrepreneurship and Economic Growth," MERIT Working Papers 049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  15. Andreas Freytag & Roy Thurik, 2007. "Entrepreneurship and its determinants in a cross-country setting," Journal of Evolutionary Economics, Springer, vol. 17(2), pages 117-131, April.
  16. Andre van Stel & David Storey & Roy Thurik, 2006. "The effect of business regulations on nascent and actual entrepreneurship," Papers on Entrepreneurship, Growth and Public Policy 2006-04, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  17. Sander Wennekers & André van Wennekers & Roy Thurik & Paul Reynolds, 2005. "Nascent Entrepreneurship and the Level of Economic Development," Small Business Economics, Springer, vol. 24(3), pages 293-309, 04.
  18. Simon C Parker, . "The Economics of Entrepreneurship: What We Know and What We Don't," Papers on Entrepreneurship, Growth and Public Policy 2005-18, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  19. Martin Carree & Roy Thurik, 2006. "The Lag Structure of the Impact of Business Ownership on Eco-nomic Performance in OECD Countries," Papers on Entrepreneurship, Growth and Public Policy 2006-02, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  20. Grilo, I. & Thurik, A.R., 2004. "Determinants Of Entrepreneurship In Europe," ERIM Report Series Research in Management ERS-2004-106-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  21. Ricardo Pinto, 2005. "Challenges for public policy in promoting entrepreneurship in south eastern Europe," Local Economy, Taylor and Francis Journals, vol. 20(1), pages 111-117, February.
  22. David B. Audretsch & A. Roy Thurik, 2000. "Capitalism and democracy in the 21st Century: from the managed to the entrepreneurial economy," Journal of Evolutionary Economics, Springer, vol. 10(1), pages 17-34.
  23. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
  24. Martin Carree & Roy Thurik, 2005. "Understanding the role of entrepreneurship for economic growth," Papers on Entrepreneurship, Growth and Public Policy 2005-10, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  25. David Audretsch & Roy Thurik, 2004. "A Model of the Entrepreneurial Economy," Papers on Entrepreneurship, Growth and Public Policy 2004-12, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  26. Niels Bosma & Gerrit de Wit & Martin Carree, 2003. "Modelling Entrepreneurship," Tinbergen Institute Discussion Papers 03-014/3, Tinbergen Institute.
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