Long-run impact of economic growth on fertility trends is ambiguous and sensitive for in-time variations. Noticeably, over last decades, economic growth has led to significant falls in total fertility rates in many countries. However, recently, in high-income economies a kind of ‘fertility rebound’ emerged (Goldstein, 2009; Luci and Thevenon, 2011; Day, 2012), which supports the hypothesis that reversal trends in total fertility rates are mainly attributed to economic growth. The paper unveils the relationship between total fertility rate changes and economic growth in 18 selected countries with fertility rebound observed, over the period 1970–2011, and detects the GDP-threshold at which the fertility rebound emerged. To report on the relationship we deploy longitudinal data analysis assuming non-linearity between examined variables. The data applied are exclusively derived from World Development Indicators 2013. Our main findings support the hypothesis on U-shaped relationship between the total fertility rate and economic growth in analyzed countries in 1970-2011. Along with the previous, we project the minimum level of GDP per capita (GDP-threshold) when the fertility rebound takes place.

No abstract

1 2 1 2The emergence of endogenous growth models has attributed to entreeconomic development dynamics. Research has been concentrated on the regional aspects of economic growth. Theoretical hypothesis about the relationship between entrepreneurship and economic growth had to be supbeen realized, mostly during last 10 years. Two main questions have been on economic development and if so, how strong is it and is the level of Any kind of empirical verification, independently of how sophisticated the verification method is, should find and use concrete measures of the There are commonly accepted growth measures -GDP or GDP per capita. Also international comparisons are not difficult because of the standardizaemployment perspective. Entrepreneurial activity, attributed mostly to the SMEs, is supposed to have a positive impact on employment. To find a viable employment measure is not a complicated task, despite of some differences in employment and unemployment statistics between countries.

A new methodology for identification pro-cyclical and counter-cyclical patterns of entrepreneurial activity.

No abstract