Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies

Detalhes bibliográficos
Autor(a) principal: Siegert, Bernhard Martin
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/22764
Resumo: The main objective of this paper is to understand under what circumstances a government should focus on procedural or monetary policies to foster entrepreneurial entry. To do this, we measure entrepreneurship by the entry density of new companies, which counts formally registered entrepreneurs only. However, we also control the effect on opportunity and necessity-driven entrepreneurship rates, which include entrepreneurs of all stages and sectors. Procedural and monetary policies are represented by time and cost to start a business respectively. The variety of control variables used in literature is approached by aggregating explanatory variables from 16 studies, resulting in 44 variables of which 8 are used in the regression analysis. For the empirical analysis, we use country and year fixed effects with country-clustered standard errors. We find a stronger positive impact for lowering cost to start a business, especially in countries with high rates of necessity-driven entrepreneurs or countries which did not belong to the lowest third in cost or time to start a business. However, the findings also suggest, that these policies do not incentivize non-entrepreneurs to engage in entrepreneurship, but rather attract informally operating entrepreneurs to register their business.
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spelling Policy making and regulation to promote entrepreneurship : procedural vs. monetary policiesDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe main objective of this paper is to understand under what circumstances a government should focus on procedural or monetary policies to foster entrepreneurial entry. To do this, we measure entrepreneurship by the entry density of new companies, which counts formally registered entrepreneurs only. However, we also control the effect on opportunity and necessity-driven entrepreneurship rates, which include entrepreneurs of all stages and sectors. Procedural and monetary policies are represented by time and cost to start a business respectively. The variety of control variables used in literature is approached by aggregating explanatory variables from 16 studies, resulting in 44 variables of which 8 are used in the regression analysis. For the empirical analysis, we use country and year fixed effects with country-clustered standard errors. We find a stronger positive impact for lowering cost to start a business, especially in countries with high rates of necessity-driven entrepreneurs or countries which did not belong to the lowest third in cost or time to start a business. However, the findings also suggest, that these policies do not incentivize non-entrepreneurs to engage in entrepreneurship, but rather attract informally operating entrepreneurs to register their business.O principal objetivo deste trabalho é compreender sob quais circunstâncias a administração pública deve focar em políticas procedimentais ou monetárias para fomentar novos empreendimentos. Para isso, medimos o empreendedorismo através da entrada de novas companhias no mercado, considerando apenas empreendedores formalmente registrados. Contudo, também verificamos o efeito da oportunidade e necessidade no índice de empreendedorismo, o que inclui empreendedores em todas fases e setores. Políticas procedimentais e monetárias são representadas pelo tempo e pelo custo para começar um negócio, respectivamente. A pluralidade de variáveis de controle utilizada na literatura é abordada pela conjugação de variáveis explicativas de 16 estudos, resultando em 44 variáveis, das quais 8 são utilizadas na análise de regressão. Para a análise empírica, utilizamos efeitos fixos por país e por ano com desvios-padrão agrupados em países. Encontramos um forte impacto positivo para reduzir os custos para começar um negócio, especialmente em países com alto índice de empreendedores impulsionados pela necessidade ou países que não pertenciam ao terço mais baixo de preço ou tempo para iniciar um negócio. Todavia, as conclusões também sugerem que essas políticas não incentivam não-empreendedores a se envolverem no empreendedorismo, mas sim atraem empresários que atuam informalmente no mercado a registrarem seus negócios.Costa, Cláudia Isabel de SousaVeritati - Repositório Institucional da Universidade Católica PortuguesaSiegert, Bernhard Martin2017-08-04T10:54:14Z2017-07-2520172017-07-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/22764TID:201725290enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-09-06T12:20:17Zoai:repositorio.ucp.pt:10400.14/22764Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-09-06T12:20:17Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
title Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
spellingShingle Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
Siegert, Bernhard Martin
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
title_full Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
title_fullStr Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
title_full_unstemmed Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
title_sort Policy making and regulation to promote entrepreneurship : procedural vs. monetary policies
author Siegert, Bernhard Martin
author_facet Siegert, Bernhard Martin
author_role author
dc.contributor.none.fl_str_mv Costa, Cláudia Isabel de Sousa
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Siegert, Bernhard Martin
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The main objective of this paper is to understand under what circumstances a government should focus on procedural or monetary policies to foster entrepreneurial entry. To do this, we measure entrepreneurship by the entry density of new companies, which counts formally registered entrepreneurs only. However, we also control the effect on opportunity and necessity-driven entrepreneurship rates, which include entrepreneurs of all stages and sectors. Procedural and monetary policies are represented by time and cost to start a business respectively. The variety of control variables used in literature is approached by aggregating explanatory variables from 16 studies, resulting in 44 variables of which 8 are used in the regression analysis. For the empirical analysis, we use country and year fixed effects with country-clustered standard errors. We find a stronger positive impact for lowering cost to start a business, especially in countries with high rates of necessity-driven entrepreneurs or countries which did not belong to the lowest third in cost or time to start a business. However, the findings also suggest, that these policies do not incentivize non-entrepreneurs to engage in entrepreneurship, but rather attract informally operating entrepreneurs to register their business.
publishDate 2017
dc.date.none.fl_str_mv 2017-08-04T10:54:14Z
2017-07-25
2017
2017-07-25T00:00:00Z
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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