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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...
Persistent link: https://www.econbiz.de/10010276150
Persistent link: https://www.econbiz.de/10009682795
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...
Persistent link: https://www.econbiz.de/10003830249
Persistent link: https://www.econbiz.de/10012821169
Persistent link: https://www.econbiz.de/10012602333
Persistent link: https://www.econbiz.de/10014249126
Persistent link: https://www.econbiz.de/10015145333