Unemployment and Business Formation Rates: Reconciling Time-Series and Cross-Section Evidence

R T Hamilton
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R T Hamilton: Department of Business Administration, University of Canterbury, Christchurch 1, New Zealand

Environment and Planning A, 1989, vol. 21, issue 2, 249-255

Abstract: Time-series analyses generally show rates of business formation increasing with unemployment. In cross-section studies the areas with the highest rates of formation are generally those with the lowest levels of unemployment. In a study using both types of data, the negative cross-section relationship is confirmed but it is suggested that the time-series may be nonlinear, becoming negative at a critical unemployment level around 20%. The paper concludes with a reconciliation of these findings.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:21:y:1989:i:2:p:249-255

DOI: 10.1068/a210249

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