Entrepreneurship,regional development and job creation: the case of Portugal |
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Authors: | Rui Baptista Vítor Escária Paulo Madruga |
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Institution: | 1.Centre for Innovation, Technology and Policy Research, IN+,Instituto Superior Técnico, Technical University of Lisbon,Lisboa,Portugal;2.CIRIUS,Instituto Superior de Economia e Gest?o, Technical University of Lisbon,Lisboa,Portugal |
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Abstract: | This paper investigates whether a high level of new business formation in a region stimulates employment growth in that region.
We look at the lag structure of these effects using a data set covering a fairly large time span (1982–2002). We find that
indirect effects of new firm births on subsequent employment growth are stronger than direct effects. However, indirect effects
only occur about 8 years after new firm formation. In particular, and unlike the findings from studies of other countries
using a similar approach, positive indirect effects do not seem to tail off in the Portuguese case. This is likely due to
a general pattern of results in which lags appear to be longer for Portugal. In view of these results, we suggest that the
lag times and magnitudes the effects on new firm formation on subsequent employment growth are likely dependent on the types
and qualities of start-ups.
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Keywords: | JEL Classification" target="_blank">JEL Classification L26 |
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