Search Results

You are looking at 1 - 5 of 5 items

  • Author or Editor: James E. Payne x
Clear All Modify Search
You do not have access to this content

James E. Payne

This study extends the recent literature on the causal dynamics between entrepreneurship and the unemployment rate in the case of the U.S. Using higher frequency data than previous studies, the results indicate the absence of a long-run (co-integrated) relationship between both aggregated and disaggregated self-employment rates and the unemployment rate. VAR models in first-differences, recognizing the presence of recessionary periods, reveal unidirectional causality from the respective self-employment rates to the unemployment rate. However, the magnitude of the impact of overall self-employment is marginally insignificant with respect to the unemployment rate with the impact different between incorporated and unincorporated self-employment.

You do not have access to this content

Rajeev K. Goel, Michael A. Nelson and James E. Payne

This study extends the existing literature on the role of economic freedom on entrepreneurship by employing the Global Entrepreneurship and Development Index (GEDI). Unlike other indices/measures of entrepreneurship, the GEDI takes into account both individual and institutional factors that influences entrepreneurial performance within a country. Using a cross-section of 72 countries, we find that a country’s GDP and level of education each yield a positive and statistically significant impact on entrepreneurship. Surprisingly, both the level of democracy and the degree of trade openness did not yield a statistically significant impact on the level of entrepreneurship. While the overall level of economic freedom has a positive and statistically significant influence on entrepreneurship, the results for several components of economic freedom provided varying results. While size of government and monetary freedom are statistically insignificant, regulation renders a positive and statistically significant impact on entrepreneurship.

You do not have access to this content

James E. Payne, Bradley T. Ewing and Hassan Mohammadi

You do not have access to this content

Edited by Richard J. Cebula, Joshua Hall, Franklin G. Mixon Jr and James E. Payne

Expert editors add to an important field of research, the economics of entrepreneurship, and explore how institutions influence entrepreneurial behavior. This book provides comprehensive and contemporary insights into the interaction between economic behavior of firms and households, economic freedom, and entrepreneurship, and how it generates an environment with greater opportunities for growth and development for individuals, households, and private-sector firms.
This content is available to you

Edited by Richard J. Cebula, Joshua Hall, Franklin G. Mixon Jr and James E. Payne