Unemployment and entrepreneurship: A cyclical relation?

Joao Ricardo Faria (), Juan Carlos Cuestas () and Luis Alberiko Gil-Alana ()

Economics Letters, 2009, vol. 105, issue 3, pages 318-320

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 10Â 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)
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:3:p:318-320

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