The transition economies have lower rates of entrepreneurship than are observed in most developed and developing market …

This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the … US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …

this test we aim to investigate to what extent the role of entrepreneurship has changed in the last decades of the 20th … per capita income. This suggests that entrepreneurship plays a different role in countries in different stages of economic …

entrepreneurship. Second, cross-sectional regression analysis using data for three separate years in twenty Western countries and Japan … costs of entrepreneurship are the dominant perception in this cultural environment. In a group of low-uncertainty avoidance …

spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …