OECD Science, Technology and Industry Policy Papers

ISSN: 
2307-4957 (online)
http://dx.doi.org/10.1787/23074957
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The OECD Directorate for Science, Technology and Innovation (STI) develops evidence-based policy advice on the contribution of science, technology and industry to well-being and economic growth. STI Policy Papers cover a broad range of topics, including industry and globalisation, innovation and entrepreneurship, scientific R&D and emerging technologies. These reports are officially declassified by an OECD Committee.
 

No Country for Young Firms?

Start-up Dynamics and National Policies You or your institution have access to this content

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Author(s):
Flavio Calvino1, Chiara Criscuolo1, Carlo Menon1
Author Affiliations
  • 1: OECD, France

01 Apr 2016
Bibliographic information
No.:
29
Pages:
59
http://dx.doi.org/10.1787/5jm22p40c8mw-en

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This paper provides new cross-country evidence on the links between national policies and the growth patterns of start-ups. In particular, it compares for the first time the heterogeneous effects of national policies on entrants and incumbents, within the same country, industry, and time period. A number of key facts emerge. First, start-ups in volatile sectors and in sectors that exhibit higher growth dispersion are significantly more exposed to national policies than start-ups in other sectors. Second, start-ups are systematically more exposed than incumbents to the policy environment and national framework conditions. Third, the results suggest that timely bankruptcy procedures and strong contract enforcement are key to establishing a dynamic start-up environment.
 
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