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The Economics of New Enterprises, The Number of Businesses and Economic Growth Across the EU during 2008-2017

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  • Konstantinos Bakri

    (Athens University of Economics and Business, Athens, Greece)

Abstract

The paper looks into five measures of entrepreneurship – namely, the birth rate of enterprises, the death rate of enterprises, the number of 3-year-old enterprises, the employment share of five-year-old enterprises, the average size of five-year-old enterprises- across the European Union from 2008 to 2017. The paper also econometrically analyses growth rates in the number of businesses and the Gross Domestic Product in each EU member-state in the 2008-2017 period and compares their long-run trends. Having noted a good number of similarities it makes a number of potentially useful recommendations on the basis of findings emanating from the birth and death rates of enterprises and other statistics in order to enhance business participation (hence, competition) and economic performance across the EU and beyond.

Suggested Citation

  • Konstantinos Bakri, 2021. "The Economics of New Enterprises, The Number of Businesses and Economic Growth Across the EU during 2008-2017," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(2), pages 201-210.
    • Handle: RePEc:seb:journl:v:19:y:2021:i:2:p:201-210
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    File URL: https://asecu.gr/Seeje/issue37/issue37-bakri.pdf
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    References listed on IDEAS

    as
    1. Wennekers, Sander & van Stel, André & Carree, Martin & Thurik, Roy, 2010. "The Relationship between Entrepreneurship and Economic Development: Is It U-Shaped?," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 6(3), pages 167-237, July.
    2. Poh Wong & Yuen Ho & Erkko Autio, 2005. "Entrepreneurship, Innovation and Economic Growth: Evidence from GEM data," Small Business Economics, Springer, vol. 24(3), pages 335-350, January.
    3. Zoltan Acs & Laszlo Szerb, 2007. "Entrepreneurship, Economic Growth and Public Policy," Small Business Economics, Springer, vol. 28(2), pages 109-122, March.
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    More about this item

    Keywords

    New Enterprises; Business Population Growth; GDP Growth; European Union;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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