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Michael Polemis
''Is the effect of corruption on entrepreneurial activity nonmonotonic? A semi-parametric panel data analysis''
( 2019, Vol. 39 No.4 )
We investigate the impact of corruption on entrepreneurial activity in the OECD countries by using a semi-parametric panel data model developed in Robinson (1988). We argue that this relationship exhibits a nonmonotonic shape with multiple turning points. Our findings are robust to different measures of corruption and alternative dimensions of entrepreneurship.
Keywords: Entrepreneurship; Corruption; Nonlinear effects; Double residual estimator; OECD.
JEL: C1 - Econometric and Statistical Methods: General
L2 - Firm Objectives, Organization, and Behavior: General
Manuscript Received : Aug 18 2019 Manuscript Accepted : Dec 24 2019

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