Analysis of the Relationship Between Entrepreneurship and Trade Openness within the Framework of Quantile Panel Approach: The Case of OECD Countries

Abstract

This study aims to examine the impact of the trade openness of selected OECD countries on entrepreneurship. There is a general acceptance that the impact of the trade openness of economies on entrepreneurship is positive. In the analysis process, econometric modeling studies were carried out based on the data of the selected OECD countries for the 2006-2020 period. The quantile panel regression technique was used to test the impact of trade openness on entrepreneurship. The quantile panel regression analyses have been carried out with an approach that considers the asymmetric situation between the selected OECD countries. Hence, this approach has been a contribution to the literature. Policy recommendations are presented within the framework of empirical findings. According to the empirical findings, entrepreneurship activities are important in terms of increasing economic performance in the selected OECD countries and show that policies should be implemented in support of entrepreneurship activities. The necessity of considering the impact of the trade openness level on entrepreneurship in determining policies has been revealed. In particular, the fact that the economies assess this issue in the policy development process can be considered a strategic instrument.

Keywords

• Entrepreneurship
• Trade Openness
• Quantile Panel
• Heterogeneity

Kantil Panel Yaklaşımı Çerçevesinde Girişimcilik İle Dışa Açıklık Arasındaki İlişkinin Analizi: OECD Ülkeleri Örneği

Abstract

Bu çalışma, seçilen OECD ülkelerinin ticaret açıklığının girişimcilik üzerindeki etkisini incelemeyi amaçlamaktadır. Ekonomilerin ticaret açıklığının girişimcilik üzerindeki etkisinin olumlu olduğuna dair genel bir kabul vardır. Analiz sürecinde, 2006-2020 dönemi için seçilen OECD ülkelerinin verilerine dayanarak ekonometrik modelleme çalışmaları gerçekleştirilmiştir. Ticaret açıklığının girişimcilik üzerindeki etkisini test etmek için kantil panel regresyon tekniği kullanılmıştır. Kantil panel regresyon analizleri, seçilen OECD ülkeleri arasındaki asimetrik durumu göz önünde bulunduran bir yaklaşımla gerçekleştirilmiştir. Bu nedenle, bu yaklaşım literatüre bir katkı olmuştur. Politika önerileri ampirik bulgular çerçevesinde sunulmaktadır. Bu çalışmada elde edilen bulgulara göre, girişimcilik faaliyetlerinin seçilen OECD ülkelerinde ekonomik performansın artırılması açısından önemli olduğu ortaya konmaktadır ve girişimcilik faaliyetlerini destekleyici yönde politikaların uygulanması gerektiğini göstermektedir. Ticari açıklık düzeyinin belirlenmesinde girişimciliğe olan etkilerinin dikkate alınması gerekliliği ortaya konmuştur. Özellikle, ekonomilerin bu konuyu politika geliştirme sürecinde değerlendirmesi stratejik bir araç olarak kabul edilebilir.

Keywords

• Girişimcilik
• Dışa Açıklık
• Kantil Panel
• Heterojenlik

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