Fiscal policy, growth and entrepreneurship in the EMU

Liargovas, Panagiotis; Psychalis, Marios; Apostolopoulos, Nikolaos

doi:10.1080/23745118.2021.1895553

Cited by 6 publications

(10 citation statements)

References 72 publications

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“…Our results corroborate the findings of previous studies (Hessels and Van Stel, 2011;Adrangi vd., 2002). However, Liargovas et al (2022), we reach different results according to the research. One reason may be that Liargovas' (2022)'s research was limited to only countries such as Portugal, Greece, Spain and Italy.…”

Section: Theoretical Implicationsmentioning

confidence: 80%

“…A current account deficit or surplus can contribute to improving the investment environment (Jaumotte and Sodsriwiboon, 2010). Some studies conducted in developed countries suggest that the current deficit balance does not consistently foster entrepreneurship (Liargovas et al, 2022). However, other studies indicate that the current account balance positively affects the emergence and development of entrepreneurial activities (Adrangi et al, 2002).…”

Section: Institutions and Entrepreneurial Activitiesmentioning

confidence: 99%

“…Conversely, total imports can support and potentially hinder entrepreneurial activities by fostering an Institutions and entrepreneurial activities import-dependent economic model that dampens entrepreneurial spirit (Zhakupov et al, 2023). Additionally, prior studies have identified factors such as the current account balance (Liargovas et al, 2022), consumer price index, gross national savings, domestic investment expenditures (Ribaj and Mexhuani, 2021) and population (Millan et al, 2014) as exerting influence on entrepreneurial activities.…”

Section: Introductionmentioning

confidence: 99%

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Institutions and macroeconomic indicators: entrepreneurial activities across the world

Kara,

Altinay,

Bağış

et al. 2023

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PurposeEntrepreneurial activity is a phenomenon that increases the economic growth of countries and improves their social welfare. The economic development levels of countries have significant effects on these entrepreneurial activities. This research examines which institutional and macroeconomic variables explain early-stage entrepreneurship activities in developed and developing economies.Design/methodology/approachThe authors conducted panel data analysis on the data from the Global Entrepreneurship Monitor (GEM) and International Monetary Fund (IMF) surveys covering the years 2009–2018.FindingsFirst, the authors' results reveal that cognitive, normative and regulatory institutions and macroeconomic factors affect early-stage entrepreneurial activity in developed and developing countries differently. Second, the authors' findings indicate that cognitive, normative and regulatory institutions affect early-stage entrepreneurship more positively in developed than developing countries. Finally, the authors' results report that macroeconomic factors are more effective in early-stage entrepreneurial activity in developing countries than in developed countries.Originality/valueThis study provides a better understanding of the components that help explain the differences in entrepreneurship between developed and developing countries regarding institutions and macroeconomic factors. In this way, it contributes to developing entrepreneurship literature with the theoretical achievements of combining institutional theory and macroeconomic indicators with entrepreneurship literature.

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Section: Theoretical Implicationsmentioning

confidence: 80%

Section: Institutions and Entrepreneurial Activitiesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Institutions and macroeconomic indicators: entrepreneurial activities across the world

Kara,

Altinay,

Bağış

et al. 2023

View full text Add to dashboard Cite

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“…Financial constraint is one of the crucial determinants of new business creation (Leon 2019;Liargovas et al, 2021). The importance of the fiscal imperative for local economic development is stressed, inter alia, by Ojede and Yamarik (2012) and others.…”

Section: Local Fiscal Policy Effects On Lgus Economic Developmentmentioning

confidence: 99%

New Firms Formation in Medical, Creative and Agri-Food Sectors as a Function of Local Conditions and Budget Policy of Polish Communes

Skica

Miszczyńska

Miszczyński

et al. 2023

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Theoretical background: The article will help to answer the question what factors contribute to the emergence of new companies in medical, agri-food and creative sectors. Moreover, the aim of the article is to examine to what extent the budget policy of communes determines the creation of new enterprises in each of the analysed sectors separately. Purpose of the article:The aim of the article is to examine the factors affecting new firms formation in medical, agri-food and creative sectors in Poland, as well as the impact of budget policy of local government units at commune level on entrepreneurship in chosen sectors. Research methods:The study was conducted by means of a panel econometric model. In particular, the study was based on FEM estimation modelling based on 2,477 communes in the years 2010-2021. Main findings:The conducted research confirmed that different factors affect new firms formation in studied sectors. The research proved that budget policy of communes influences new firms formation. Moreover, the study confirmed that individual elements of the local budget policy have a different impact on each economic activity. Thus, local budget policy should be profiled in terms of type of activity supported.Pobrane z czasopisma Annales H -Oeconomia http://oeconomia.annales.umcs.pl Data

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“…Fighting COVID-19 has become the priority for many social protection and health systems and may interfere with the achievement of sustainable development goals [35]; however, these goals are contributing to the alleviation of the pandemic effects in a globalized world and must be pursued [36]. A key item is fiscal balance, which can positively influence the growth rate [37] and support the recovery from the pandemic. Nevertheless, fiscal improvement seems to lead to economic growth [38].…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

Influence of Fiscal Policies and Labor Market Characteristics on Sustainable Social Insurance Budgets—Empirical Evidence from Central and Eastern European Countries

et al. 2021

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Social protection systems are a key factor for ensuring the long-term sustainability and stability of economies in the European Union, their reform being nowadays present in the political agenda of member states. Aging and the dependence on mandatory levies applied to the employed population on the labor market represent a threat for the sustainability of public social protection systems. In terms of sustainability, our purpose was to highlight the factors influencing social insurance budgets, considering the fiscal policies implemented in six countries of Central and Eastern Europe and their particular labor market characteristics. Therefore, a panel study based on a regression model using the Ordinary Least Squares method (OLS) with cross section random effects was used to determine the correlations between funding sources and labor market specific indicators. The data analyzed led to relevant results that emphasize the dependence of social insurance budgets on positive factors such as the average level of salaries, the share of compulsory social contributions, the unemployment rate, and the human development index, suggesting the continuing need for professional and personal development of the workforce.

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Fiscal policy, growth and entrepreneurship in the EMU

Cited by 6 publications

References 72 publications

Institutions and macroeconomic indicators: entrepreneurial activities across the world

Institutions and macroeconomic indicators: entrepreneurial activities across the world

New Firms Formation in Medical, Creative and Agri-Food Sectors as a Function of Local Conditions and Budget Policy of Polish Communes

Influence of Fiscal Policies and Labor Market Characteristics on Sustainable Social Insurance Budgets—Empirical Evidence from Central and Eastern European Countries

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