Entrepreneurship, Economic Development and Institutional: Environment: Evidence from OECD countries

Présentation de Jean Bonnet (CREM, Université de Caen Normandie)


Jean Bonnet - CREM, Université de Caen Normandie

Co-auteur/Joint work with : Rafik Abdesselam (University of Lyon), Patricia Renou-Maissant (University of Caen Normandy) et Mathilde Aubry (Management School of Normandy)

Abstract : The purpose of this article is to establish a typology of entrepreneurship for OECD countries over the 1999-2012 period. Our aim is to make a distinction between managerial and entrepreneurial economies, to identify groups of countries with similar economic and entrepreneurial activity variables and to determine the economic and institutional drivers of entrepreneurial activities in each group. We show that the level of development, sectoral specialization, and institutional variables related to entrepreneurship, functioning of the labor market and openness of the country are decisive to understand differences in entrepreneurship activity across countries. Results show that the pre-crisis period, from 1999 to 2008, is a period of growth favorable to entrepreneurship. The financial crisis involved a break in entrepreneurial dynamism with agricultural economies withstanding the financial crisis better. The 2010-2012 period of recovery is a period of a sharp slowdown in entrepreneurial activity, during which the countries that are less dependent on the financial sector proved to be the most resilient in terms of entrepreneurial activity. Nevertheless, it is the advanced economies of knowledge with developed financial markets, fewer institutional regulatory constraints and qualitative entrepreneurship that show the weaker unemployment rates. These findings have important implications for the implementation of public policy in order to promote entrepreneurial activity and reduce unemployment.

Mots clés / Keywords : Entrepreneurship, Economic Development and Institutional Environment : Evidence from OECD countries