Economic Policy Uncertainty and Entrepreneurship: A Bad for a Good?

Nguyen, Bach; Schınckus, Chrıstophe; Nguyen, Canh Phuc; Thanh, Su Dinh

doi:10.1177/0971355720974819

Cited by 14 publications

(18 citation statements)

References 56 publications

(54 reference statements)

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“…Based on digital technologies such as the internet and big data, digital inclusive finance simplifies the flow of information, expands the scope and depth of financial services, helps rural families obtain necessary start-up capital, reduces financing constraints (Geng & He, 2021), improves the profit space of entrepreneurs, and enhances their entrepreneurial willingness, thus equalizing entrepreneurial opportunities and promoting entrepreneurship (Liu et al, 2021). Nguyen et al (2021) also conclude that economic policy uncertainty is conducive to promoting entrepreneurial actions. As an economic policy, the contribution of digital inclusive finance to entrepreneurial behavior can also be seen.…”

Section: Literature Reviewmentioning

confidence: 92%

Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis From the Perspective of Household Entrepreneurship

2022

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This paper evaluates the impact of digital financial inclusion (DFI) powered by digital technologies on rural household vulnerability to poverty based on data from the China Family Panel Studies (CFPS) and DFI data from the Institute of Digital Finance Peking University. The results show that both DFI and its secondary indicators reduce rural household vulnerability to poverty. Household entrepreneurship is an intermediary factor of DFI influencing vulnerability to poverty; that is, DFI stimulates rural households’ entrepreneurial behavior, thereby reducing their vulnerability to poverty. Through the analysis of income heterogeneity, financial development level, and human capital in the region, it is found that DFI is more helpful in reducing the vulnerability to poverty for rural households with low income, a low level of financial development and low human capital. Therefore, the Chinese government should map out the DFI development path, build a DFI control system with internet technologies, and actively play the mutually supporting role of DFI and other influencing factors to boost DFI development, minimize the risk of returning to poverty and thereby reduce rural household vulnerability in China.

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Section: Literature Reviewmentioning

confidence: 92%

Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis From the Perspective of Household Entrepreneurship

2022

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“…Recent studies have found that EPU also influences entrepreneurship significantly. The research of Nguyen et al [35] shows that EPU may not always be harmful to entrepreneurship. In the case of uncertainty, the reduction of the number of registered companies does not necessarily mean avoiding starting a business.…”

Section: Hypothesis 1 (H1) Entrepreneurship Can Promote Economic Deve...mentioning

confidence: 99%

The Triple Bottom Line of Sustainable Entrepreneurship and Economic Policy Uncertainty: An Empirical Evidence from 22 Countries

Pan

et al. 2022

IJERPH

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Based on the data of 22 different countries from 2005 to 2018, this paper mainly studies the influence of entrepreneurship on sustainability, and further explores the influence of Economic Policy Uncertainty (EPU) and the interaction effect between EPU and entrepreneurship on sustainability. The results show that EPU can promote economic, environmental, and social development, the interaction between EPU and green entrepreneurship is beneficial to social development, and the interaction between EPU and non-green entrepreneurship inhibits social development. For the heterogeneity analysis, 22 countries are grouped by high and low Human Development Index (HDI). The empirical results find that EPU has a better performance in low HDI countries than that in high HDI countries. In high HDI countries, the interaction between EPU and green entrepreneurship will weaken the positive effects of green entrepreneurship on the environment.

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“…EPU, which can be defined as the nonzero probability of changes in existing policies (Baker et al, 2016), has been shown to have adverse effects on various economic and financial fundamentals (Bernanke, 1983; Julio & Yook, 2012; Paule-Vianez, Prado-Román, et al, 2021). However, the direct relationship between EPU and entrepreneurship has hardly been investigated in the literature (Nguyen et al, 2021), although institutions and uncertainty are two vital concepts in the study of entrepreneurial activity (Bylund & McCaffrey, 2017).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Relationship Between State Legitimacy, Economic Policy Uncertainty, and Entrepreneurship: Empirical Evidence From Europe

Paule-Vianez

Portillo

Miotto

et al. 2023

American Behavioral Scientist

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This study aims to analyze the relationships between economic policy uncertainty (EPU), state legitimacy, entrepreneurial activity, and business opportunities. To achieve this goal, 13 European countries are selected for the period 2002 to 2018. Applying partial least squares structural equation modeling, relevant findings were obtained. The results show that higher economic uncertainty is associated with an increase in a country’s entrepreneurial activity, although the perception of entrepreneurial opportunities does not increase. We also observed an inverse relationship between EPU and legitimacy. A higher perception of legitimacy is related to lower entrepreneurial activity and higher opportunities for entrepreneurship. These findings have relevant implications. From the academic point of view, the results make new contributions to research related to the importance of the institutional context and entrepreneurial activity, considering the relationships between EPU and legitimacy and their influence on entrepreneurial activity. We also highlight how policymakers may influence the perception of state legitimacy and, therefore, have an impact on entrepreneurial activities and opportunities.

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Economic Policy Uncertainty and Entrepreneurship: A Bad for a Good?

Cited by 14 publications

References 56 publications

Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis From the Perspective of Household Entrepreneurship

Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis From the Perspective of Household Entrepreneurship

The Triple Bottom Line of Sustainable Entrepreneurship and Economic Policy Uncertainty: An Empirical Evidence from 22 Countries

Relationship Between State Legitimacy, Economic Policy Uncertainty, and Entrepreneurship: Empirical Evidence From Europe

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