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Entrepreneurship and the Policy Environment (ICPSR 1327)

Principal Investigator(s): Georgellis, Yannis, Brunel University. Department of Economics and Finance; Wall, Howard J., Federal Reserve Bank of St. Louis


This paper uses a panel approach to examine the effect that the government-policy environment has on the level of entrepreneurship. Specifically, the authors investigate whether marginal income tax rates and bankruptcy exemptions influence rates of entrepreneurship. Whereas previous work in the literature finds that both policies are positively related to entrepreneurship, these results show non-monotonic relationships: a U-shaped relationship between marginal tax rates and entrepreneurship and an S-shaped relationship between bankruptcy exemptions and entrepreneurship.

Access Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.


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Study Description


Georgellis, Yannis, and Howard J. Wall. Entrepreneurship and the Policy Environment. ICPSR01327-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-10-02. http://doi.org/10.3886/ICPSR01327.v1

Persistent URL: http://doi.org/10.3886/ICPSR01327.v1


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This study was funded by:

  • Federal Reserve Bank of St. Louis. Research Division

Scope of Study

Subject Terms:   businesses, entrepreneurs, income tax, policy, tax rates

Geographic Coverage:   United States

Data Collection Notes:

(1) The files submitted are the program file 0603hwp.txt and the data file 0603hwd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.



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