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| Michael Polemis |
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| ''Is the effect of corruption on entrepreneurial activity nonmonotonic? A semi-parametric panel data analysis'' |
| ( 2019, Vol. 39 No.4 ) |
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| 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. |
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| Keywords: Entrepreneurship; Corruption; Nonlinear effects; Double residual estimator; OECD. |
JEL: C1 - Econometric and Statistical Methods: General
L2 - Firm Objectives, Organization, and Behavior: General |
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| Manuscript Received : Aug 18 2019 | | Manuscript Accepted : Dec 24 2019 |
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