The New Business Activity: a Comparative Study across the European Countries

Abstract

The main idea of this paper follows the phenomenon of new business activity, expressed by new enterprise birth and survival and by their contribution to employment. The situation in new business activity in particular European Union (EU) countries is illustrated, using the data about the new enterprise birth, the survival of new enterprises and the importance of new enterprises for national employment. The empirical findings of this paper indicate that new business activity differs significantly across the EU countries. Hence, the establishment of new enterprises, their survival and also their importance for employment is not the same in the EU countries. In this regard, newly accessed worse performing EU countries indicate higher new enterprise creation and their contribution to employment but a lower survival rate.