Do Government Private Subsidies Crowd Out Entrepreneurship?
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World Bank, Washington, DC
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Although several studies have found a
negative relationship between government spending and
entrepreneurship, much debate remains regarding the
components of government spending responsible for this
association. This paper contributes to the literature by
specifically exploring the relationship between government
private subsidies and entrepreneurship. By combining
macroeconomic government spending data with individual level
entrepreneurship data, the paper finds a negative
association between the share of private subsidies and
entrepreneurship. However, findings are less straightforward
when the analysis delves deeper into the components of
private subsidies and their association with different kinds
of entrepreneurship.
Palabras clave
AGRICULTURAL SUBSIDIES, AGRICULTURE, BARRIERS TO ENTRY, BUSINESS ECONOMICS, CURRENCY, DEVELOPMENT ECONOMICS, DEVELOPMENT POLICY, ECONOMIC DEVELOPMENT, ECONOMIC JUSTIFICATION, ENERGY SUBSIDIES, FISCAL POLICY, FUTURE RESEARCH, GDP, GDP PER CAPITA, GOVERNMENT BUDGET, GOVERNMENT INTERVENTION, GOVERNMENT SPENDING, GROWTH RATE, MARKET FAILURE, NETWORKS, OPPORTUNITY COST, PRIVATE SECTOR, PUBLIC GOODS, REAL GDP, RENT SEEKING, SMALL BUSINESS, STARTUPS, WAGES