Georgellis and Wall (2006) Entrepreneurship and the policy environment

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Entrepreneurship and the policy environment

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CONTRIBUTORS:

	Author:	Georgellis, Yannis (Brunel University)
	Author:	Wall, Howard

JOURNAL:

Federal reserve Bank of St Louis Review, 88(2), 95 - 111.

YEAR:

2006

PUB TYPE:

Journal Article

SUBJECT(S):

entrepreneurship, taxation, bankruptcy law

DISCIPLINE:

Business/Management

HTTP:

http://research.stlouisfed.org/publications/review/06/03/GeorgellisWall.pdf

LANGUAGE:

English

PUB ID:

103-443-967 (Last edited on 2008/07/13 09:03:24 GMT-6)

SPONSOR(S):

ABSTRACT:
This paper uses a panel approach to examine the effect that the government-policy environment has on the level of entrepreneurship. Specifically, the authors investigate whether marginal income tax rates and bankruptcy exemptions influence rates of entrepreneurship. Whereas previous work in the literature finds that both policies are positively related to entrepreneurship, these results show non-monotonic relationships: a U-shaped relationship between marginal tax rates and entrepreneurship and an S-shaped relationship between bankruptcy exemptions and entrepreneurship.

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