Economic Policy Uncertainty and Entrepreneurship: A Bad for a Good?
نویسندگان
چکیده
The study examines the influences of global/domestic economic policy uncertainty (EPU) on entrepreneurship in a sample 23 economies over period 2006–2016. Employing two-step system General Method Moment estimation for unbalanced panel data, our provides surprising evidence, indicating that EPU may not always be harmful to entrepreneurship. Precisely, contrast with existing literature emphasising negative impact entrepreneurship, article suggests seems boost pro-entrepreneurial social and cultural norms (i.e., encouraging actions creation new businesses). As such, we suggest serve as an exogenous shock, filtering ‘good’ business ventures from ‘not-so-good’ ones.
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ژورنال
عنوان ژورنال: Journal of Entrepreneurship
سال: 2021
ISSN: ['0971-3557', '0973-0745']
DOI: https://doi.org/10.1177/0971355720974819