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Article dans une revue Annals of Regional Science Année : 2015

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

Résumé

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.
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Dates et versions

halshs-01101962, version 1 (11-01-2015)

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Mathilde Aubry, Jean Bonnet, Patricia Renou-Maissant. Entrepreneurship and the business cycle: the “Schumpeter” effect versus the “refugee” effect—a French appraisal based on regional data. Annals of Regional Science, 2015, 54 (1), pp.23-55. ⟨10.1007/s00168-014-0645-x⟩. ⟨halshs-01101962⟩
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