Parker, Simon C.; Congregado, Emilio; Golpe, Antonio A. - In: Applied Economics Letters 19 (2012) 1, pp. 61-66
We explore the macrostructure of entrepreneurship rates in a panel of 23 OECD countries over 1972--2006. We find that rates of entrepreneurship in OECD countries exhibit persistence rather than hysteresis. Implications for the design of entrepreneurship policies are discussed.
