Details
| Original language | English |
|---|---|
| Title of host publication | The Great Recession and its Aftermath |
| Subtitle of host publication | Evidence from Micro-Data |
| Publisher | de Gruyter |
| Pages | 722-756 |
| Number of pages | 35 |
| Volume | 234 |
| Edition | 6 |
| ISBN (electronic) | 9783110511161 |
| ISBN (print) | 9783828206120 |
| Publication status | Published - Dec 2014 |
Publication series
| Name | Jahrbucher fur Nationalokonomie und Statistik |
|---|---|
| Publisher | Walter de Gruyter GmbH |
| ISSN (Print) | 0021-4027 |
Abstract
There is a broad consensus that the likelihood of becoming an entrepreneur is not only influenced by individual characteristics but also by spatial context conditions. However, context factors are not per se stable; they tend to vary over time which is particularly relevant during economic cycles. In Germany, for instance, the rapid economic downturn of 2008/2009 was preceded by a period of growth and followed by an economic upswing in many regions. However, the impact of this crisis on entrepreneurship has not been empirically studied comprehensively. Using data from the Global Entrepreneurship Monitor (GEM), we analyse entrepreneurial activities in the 39 German NUTS2 regions covering a 13-year period before, during and after the Great Recession of 2008/2009. Applying multilevel regression techniques, we hypothesize that both space and time matter for individual entrepreneurial behaviour. Our results show, first, that space and time can be regarded as two interrelated dimensions that jointly impact entrepreneurial activities. Second, similar individual attributes are associated with diverging likelihoods of becoming an entrepreneur in case individuals are nested in different regions or different time periods and are thus exposed to dissimilar context conditions. Third, the type and number of individual, context and interaction effects are motive-related, i.e. they depend on whether the entrepreneurial action is either opportunity-driven or necessity-driven.
Keywords
- Context effects, Entrepreneurship determinants, Global Entrepreneurship Monitor (GEM), Great Recession, Multilevel analysis, Necessity motivation, Opportunity motivation, Regional entrepreneurship
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- General Business,Management and Accounting
- Social Sciences(all)
- Social Sciences (miscellaneous)
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
Cite this
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The Great Recession and its Aftermath: Evidence from Micro-Data. Vol. 234 6. ed. de Gruyter, 2014. p. 722-756 (Jahrbucher fur Nationalokonomie und Statistik).
Research output: Chapter in book/report/conference proceeding › Contribution to book/anthology › Research › peer review
}
TY - CHAP
T1 - How Did the Economic Crisis Influence New Firm Creation?
T2 - A Multilevel Approach Based Upon Data from German Regions
AU - Hundt, Christian
AU - Sternberg, Rolf
N1 - Publisher Copyright: © Lucius and Lucius Verlagsgesellschaft mbH Stuttgart 2014.
PY - 2014/12
Y1 - 2014/12
N2 - There is a broad consensus that the likelihood of becoming an entrepreneur is not only influenced by individual characteristics but also by spatial context conditions. However, context factors are not per se stable; they tend to vary over time which is particularly relevant during economic cycles. In Germany, for instance, the rapid economic downturn of 2008/2009 was preceded by a period of growth and followed by an economic upswing in many regions. However, the impact of this crisis on entrepreneurship has not been empirically studied comprehensively. Using data from the Global Entrepreneurship Monitor (GEM), we analyse entrepreneurial activities in the 39 German NUTS2 regions covering a 13-year period before, during and after the Great Recession of 2008/2009. Applying multilevel regression techniques, we hypothesize that both space and time matter for individual entrepreneurial behaviour. Our results show, first, that space and time can be regarded as two interrelated dimensions that jointly impact entrepreneurial activities. Second, similar individual attributes are associated with diverging likelihoods of becoming an entrepreneur in case individuals are nested in different regions or different time periods and are thus exposed to dissimilar context conditions. Third, the type and number of individual, context and interaction effects are motive-related, i.e. they depend on whether the entrepreneurial action is either opportunity-driven or necessity-driven.
AB - There is a broad consensus that the likelihood of becoming an entrepreneur is not only influenced by individual characteristics but also by spatial context conditions. However, context factors are not per se stable; they tend to vary over time which is particularly relevant during economic cycles. In Germany, for instance, the rapid economic downturn of 2008/2009 was preceded by a period of growth and followed by an economic upswing in many regions. However, the impact of this crisis on entrepreneurship has not been empirically studied comprehensively. Using data from the Global Entrepreneurship Monitor (GEM), we analyse entrepreneurial activities in the 39 German NUTS2 regions covering a 13-year period before, during and after the Great Recession of 2008/2009. Applying multilevel regression techniques, we hypothesize that both space and time matter for individual entrepreneurial behaviour. Our results show, first, that space and time can be regarded as two interrelated dimensions that jointly impact entrepreneurial activities. Second, similar individual attributes are associated with diverging likelihoods of becoming an entrepreneur in case individuals are nested in different regions or different time periods and are thus exposed to dissimilar context conditions. Third, the type and number of individual, context and interaction effects are motive-related, i.e. they depend on whether the entrepreneurial action is either opportunity-driven or necessity-driven.
KW - Context effects
KW - Entrepreneurship determinants
KW - Global Entrepreneurship Monitor (GEM)
KW - Great Recession
KW - Multilevel analysis
KW - Necessity motivation
KW - Opportunity motivation
KW - Regional entrepreneurship
UR - http://www.scopus.com/inward/record.url?scp=85143731625&partnerID=8YFLogxK
U2 - 10.1515/9783110511161-004
DO - 10.1515/9783110511161-004
M3 - Contribution to book/anthology
AN - SCOPUS:84966681596
SN - 9783828206120
VL - 234
T3 - Jahrbucher fur Nationalokonomie und Statistik
SP - 722
EP - 756
BT - The Great Recession and its Aftermath
PB - de Gruyter
ER -