Market size and entrepreneurship
Market size and entrepreneurship
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DOI:
10.1093/jeg/lbr035
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发表时间:
2012-11
影响因子:
2.9
通讯作者:
Yasuhiro Sato;T. Tabuchi;Kazuhiro Yamamoto
中科院分区:
文献类型:
--
作者:
Yasuhiro Sato;T. Tabuchi;Kazuhiro Yamamoto
In order to examine the impacts of market size on entrepreneurship, we estimate a monopolisticcompetition model that involves the workers' decisions to pursue entrepreneurship by using dataon Japanese prefectures. Our results show that a larger market size in terms of populationdensity leads to a higher incentive for individuals to become entrepreneurs. A 10% increase inthe population density increases the share of people who wish to become entrepreneurs byapproximately 1%. In contrast, such a positive effect on the self-employment rate is observedonly for prefectures with very high or very low densities. The self-employment ratio isnegatively associated with population density in prefectures with medium densities.