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By Dieter Bögenhold, Jean Bonnet, Marcus Dejardin, Domingo Garcia Pérez de Lema

This publication provides the present cutting-edge in all significant and upcoming components of entrepreneurship learn. millions of students world wide are at the moment operating to develop our figuring out of the entrepreneurial phenomenon. The disciplines concerned are various, as are the subjects of curiosity, with significant efforts to augment the present wisdom. This publication is in particular designed to facilitate high-level, high-intensity discussions and fruitful exchanges among students interested by entrepreneurship learn. The articles handle quite a few subject matters starting from self-employment, know-how, progress styles and activity production, and luck and failure premiums, to historic, conceptual and comparative foreign approaches.

“This ebook takes entrepreneurship past the person, dimension of the enterprise, entrepreneurial character, and appears at entrepreneurship as a protracted time period complicated procedure that's heterogeneous, content material established with an emphasis on innovation and development. A needs to learn for people drawn to entrepreneurship, this day and sooner or later, on a household and international basis.” – Robert D. Hisrich, Director – Walker middle and Garvin Professor of world Entrepreneurship, Thunderbird tuition of world Management

“Entrepreneurship could be not only the main multifaceted but additionally an important thought of the fashionable socio-economic disciplines. This e-book makes a useful contribution during this interesting region: it offers a multifaceted socio-economic exam of the influence of entrepreneurship for growth.” – Roy Thurik, Erasmus tuition of Economics in Rotterdam and Montpellier enterprise university

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Additional info for Contemporary Entrepreneurship: Multidisciplinary Perspectives on Innovation and Growth

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Koellinger and Thurik (2012) found that changes in entrepreneurial activity were leading the global business cycle. However, this was not apparent on a country-to-country basis and only a small share—7 out of 22 countries—confirmed the assumption. Comparing changes in the USA and Spain 1987–2008, Congregado et al. (2012) discovered divergent patterns: for Spain, business cycle output variations significantly affected future rates of entrepreneurship. This could however not be detected for the US.

1007/978-3-319-28134-6_3 31 32 M. Box et al. GDP growth. Given that self-employment is a suitable indicator, the empirical results in this study are, in several respects, in disagreement with dominating assumptions in mainstream research. Keywords Entrepreneurship • Self-employment • Economic growth • Granger causality • Sweden 1 Introduction The relationship between entrepreneurship and economic growth and development has received vast academic and political attention. A dominating paradigm views entrepreneurship as an endogenous component of economic growth, maintaining a positive, causal relationship between entrepreneurial activity and growth (Braunerhjelm et al.

P-values are given in parentheses. CUSUM denotes the CUSUM test for the stability of parameters a The robust standard error ** and *** denote significance at 5 % and 1 %, respectively. 1 -540 BIC 0 1 2 3 4 5 Number of breakpoints Note: the lowest point of the BIC curve corresponds to 1 break. Fig. 3 BIC and number of breaks. Note: the lowest point of the BIC curve corresponds to 1 break showing that changes in coefficients are all significant according to the F-statistics for the null hypothesis of λi ¼ λ.

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