Can Oil-Rich Countries Encourage Entrepreneurship? ‘Yes’, ‘No’ but not ‘Perhaps’

Can Oil-Rich Countries Encourage Entrepreneurship? ‘Yes’, ‘No’ but not ‘Perhaps’

This study provides the first empirical investigation to test one of transmission channels of resource curse, i.e., marginalized entrepreneurship activities. Our panel data analysis of 65 countries from 2004 to 2011 shows a negative and statistically significant association between oil rents depende...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 06-2014)
1. Verfasser: Farzanegan, Mohammad Reza
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2014
Schlagworte:
oil rents
entrepreneurship
Wirtschaft
resource curse
governance
business formation
Economics
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Zusammenfassung:This study provides the first empirical investigation to test one of transmission channels of resource curse, i.e., marginalized entrepreneurship activities. Our panel data analysis of 65 countries from 2004 to 2011 shows a negative and statistically significant association between oil rents dependency and entrepreneurship indicator. This finding is robust to control of other major drivers of entrepreneurship, unobservable country and time fixed effects and a different measurement of oil rents dependency. Additionally our main results show that government effectiveness among other dimensions of good governance has a statistically significant moderating effect in entrepreneurship-oil rents nexus.
Umfang:29 Seiten
ISSN:1867-3678
DOI:10.17192/es2024.0308

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