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The impact of trade unions on entrepreneurship [Elektronski vir]
Kosi, Tanja, 1981- ; Nastav, Bojan
The paper separately investigates how labour unions and other institutions affect the small business ownership rate (best reflecting risk-bearing and managing) and the business entry rate (relatively ...well reflecting innovativity). Different variants of the general regression model explaining the investigated dimensions of entrepreneurship are estimated on time-series cross-section data for nine EU member states and the Unites States for the period 1995-2007. The estimation follows the Parks (1967) feasible generalized least squares approach. The results show that trade unions have small and somewhat differential impact on the two dimensions of entrepreneurship. It also provides interesting results about the impact of control variables on the two entrepreneurship indicators.
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