| Unemployment and entrepreneurship: a cyclical relationship? | |||||||
Abstract | |||||||
| This paper presents a cyclical model for unemployment and entrepreneurship. The estimated periodicity of the cycles for the US, the UK, Spain and Ireland is between 5 and 10 years, and the orders of integration are smaller (greater) than 1 if the underlying disturbances are autocorrelated (white noise), corresponding to dampen cycles (limit cycle).. New firms, Employment creation, cycles. | |||||||
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