Nguyen, Bach, Schinckus, Christophe, Nguyen, Phuc Canh and Su, Dinh Thanh (2021). Economic Policy Uncertainty and Entrepreneurship: A Bad for a Good? Journal of Entrepreneurship, 30 (1), pp. 81-113.
Abstract
The study examines the influences of the global/domestic economic policy uncertainty (EPU) on entrepreneurship in a sample of 23 economies over the period 2006-2016. Employing the two-step system general method of moment (GMM) estimation for unbalanced panel data, our study provides surprising evidence indicating that EPU may not always be harmful to entrepreneurship. Precisely, in contrast with existing literature emphasizing the negative impact of the uncertainty on entrepreneurship, our article suggests that EPU seems to boost pro-entrepreneurial social and cultural norms (i.e., encouraging actions for creation of new businesses). As such, we suggest that uncertainty may serve as an exogenous shock filtering "good" business ventures from "not-so-good" ones.
Publication DOI: | https://doi.org/10.1177/0971355720974819 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School > Centre for Personal Financial Wellbeing College of Business and Social Sciences > Aston Business School |
Additional Information: | © Sage 2021. |
Uncontrolled Keywords: | Economic policy uncertainty,entrepreneurship,entrepreneurship attitudes,institutions |
Publication ISSN: | 0971-3557 |
Last Modified: | 16 Aug 2024 07:04 |
Date Deposited: | 12 Sep 2023 12:40 |
Full Text Link: | |
Related URLs: |
https://journal ... 971355720974819
(Publisher URL) |
PURE Output Type: | Article |
Published Date: | 2021-03 |
Published Online Date: | 2021-02-22 |
Accepted Date: | 2020-09-29 |
Authors: |
Nguyen, Bach
(![]() Schinckus, Christophe Nguyen, Phuc Canh Su, Dinh Thanh |
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Version: Accepted Version
License: Creative Commons Attribution Non-commercial No Derivatives
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