The Influences of Economic and Technology Policy on the Dynamics of New Firm Formation

Author

Young Rok Choi, Singapore Management UniversityFollow
Phillip Phan, Singapore Management UniversityFollow

Publication Type

Journal Article

Publication Date

6-2006

Abstract

This study attempts to reveal how macroeconomic and technology policies that encompass the opportunity and individual drivers of entrepreneurship explain the dynamics of new firm formation in a country. To do so we rely on the Schumpeterian, industrial organization, and labor economics traditions of entrepreneurship, and performed an exploratory test with longitudinal U.S. data from 1968 to 1993. The results of this study suggest that R&D investments, patents, economic concentration, pro-competition policy, and labor mobility are important areas in which government policy can influence the intensity of new firm formation.

Discipline

Business | Economics | Macroeconomics

Research Areas

Finance

Publication

Small Business Economics

Volume

26

Issue

5

First Page

493

Last Page

503

ISSN

0921-898X

Identifier

10.1007/s11187-005-5989-2

Citation

Choi, Young Rok and Phan, Phillip. The Influences of Economic and Technology Policy on the Dynamics of New Firm Formation. (2006). Small Business Economics. 26, (5), 493-503.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/2462