Unemployment and new firm formation: evidence from Polish industries at the regional level

Wosiek, Małgorzata

doi:10.24136/eq.2021.028

Cited by 6 publications

(4 citation statements)

References 28 publications

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“…In contrast to low-income people who treat business activity as an opportunity to improve their own financial situation (Parker, 2001). This hypothesis is confirmed by Wosiek's (2021) study where a rise in unemployment rate has a positive effect on subsequent new business formation. The positive unemployment push effect is expected to be stronger in operational services.…”

Section: Discussionmentioning

confidence: 75%

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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Section: Discussionmentioning

confidence: 75%

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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“…• time, and more precisely, cyclical economic fluctuations: unemployment push mechanism plays a more significant role during an economic downturn: rising unemployment may cause more people to opt for having their own business for reasons of necessity [10,24]; • industry-specific characteristics, such as scale economies and the endowment of innovative capabilities: the unemployment push effect manifests primarily in small-scale businesses that have low capital and knowledge requirements (are easier to enter for the unemployed) [41][42][43]; • country-specific features: necessity-driven entrepreneurship is more frequent in countries/regions with a lower level of development, whereas opportunity entrepreneurship is recorded more often in countries/regions with higher levels of economic freedom and strong formal institutions [44][45][46].…”

Section: Literature Reviewmentioning

confidence: 99%

Unemployment and Enterprise Births in European Countries: A Sectoral Approach

Wosiek

2023

Sustainability

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Different types of entrepreneurial activities are more or less conducive to socio-economic development. Among others, opportunity entrepreneurs are found to have a greater impact on economic growth, innovation, and employment compared to necessity entrepreneurs (pushed by the risk of being unemployed). In this context, the main goal of the study is to find the answer to the following research question: Which business sectors in European countries are sensitive to the unemployment push effect and thus more prone to necessity entrepreneurship? The paper provides further insight into the unemployment push hypothesis by investigating this issue in the group of 20 European countries across 11 business sectors (NACE Rev. 2 classification): manufacturing, construction, and services of business economies (nine sectors). The issue is examined by analyzing Eurostat and World Bank data for 2004–2020 using the panel vector autoregression (p-VAR) approach. The results confirm the unemployment push effect only in wholesaling, retailing, and repair services. The effect, however, seems to be triggered by entry behaviors in the Central Eastern European countries, which are more active in creating new businesses and more prone to necessity entrepreneurship. In addition, the interplay between unemployment and new enterprise dynamics in wholesaling, retailing, and repair services seems to be relatively more robust to existing heterogeneity within entrepreneurs, countries, and estimation techniques. The implications of the results could assist policymakers responsible for active labor market instruments promoting entrepreneurial attitudes.

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“…Most of the significant changes result from globalization processes. These processes have resulted in a significant increase in the interdependence between all markets [14][15][16][17], and, additionally, have influenced change in consumption patterns [18][19][20][21] and the labor market [22][23][24][25][26][27]. In addition, many countries in Europe and around the world are rebuilding their energy systems under the influence of the increasingly stronger impact of globalization processes, which include shaping national energy strategies aimed at European Union (EU) climate and energy policy, including its long-term vision of striving for EU climate neutrality by 2050, and regulatory mechanisms stimulating the achievement of such effects in the coming decades [28].…”

Section: Introductionmentioning

confidence: 99%

Forecasting Crude Oil Consumption in Poland Based on LSTM Recurrent Neural Network

Manowska

Bluszcz

2022

Energies

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Primary fuels, i.e., crude oil, natural gas, and power coal, dominate the total global demand for primary energy. Among them, crude oil plays a particularly important role due to the universality of applications and the practical lack of substitutes in transport. Crude oil is also one of the main sources of primary energy in Poland and accounts for around 30% of the energy consumed. Poland covers only 3% of its needs from domestic deposits. The rest is imported from Russia, Saudi Arabia, Nigeria, Great Britain, Kazakhstan, and Norway. Due to such a high import of raw material, Poland must anticipate future demand. On the one hand, this article aims to analyze the current (2020) and future (2040) crude oil consumption on the Polish market. The study analyzes the geopolitical and economic foundations of the functioning of the energy raw-materials market, the crude oil supply, the structure of Poland’s energy mix, and assumptions about the energy policy until 2040. On the other hand, conclusions from the research were used to build a model of crude oil consumption for the internal market. It has been also shown that the consumption of crude oil on the Polish market is a nonlinear phenomenon with a small set of statistical data, which makes it difficult to build an accurate model. This paper proposes a new model based on artificial neural networks that includes long-term memory (LSTM). The accuracy of the constructed model was assessed using the MSE, Theil, and Janus coefficients. The results show that LSTM models can be used to forecast crude oil consumption, and they cope with the nonstationary and nonlinear time series. Many important contemporary problems posed in the field of energy economy are also discussed, and it is proposed to solve them with the use of modern machine-learning tools.

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Unemployment and new firm formation: evidence from Polish industries at the regional level

Cited by 6 publications

References 28 publications

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

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

Unemployment and Enterprise Births in European Countries: A Sectoral Approach

Forecasting Crude Oil Consumption in Poland Based on LSTM Recurrent Neural Network

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