Unemployment and entrepreneurship: a cyclical relationship?

Joao Ricardo Faria, Juan Cuestas and Luis Gil-Alana

NBS Discussion Papers in Economics from Economics, Nottingham Business School, Nottingham Trent University

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).

Keywords: New firms; Employment creation; cycles. (search for similar items in EconPapers)
JEL-codes: J69 L26 M13 (search for similar items in EconPapers)
Date: 2008-02
New Economics Papers: this item is included in nep-bec, nep-ent and nep-lab
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http://www.ntu.ac.uk/__data/assets/pdf_file/0021/3 ... entrepreneurship.pdf First version, 2008 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:nbs:wpaper:2008/2

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