Cohort, age and business cycle effects in entrepreneurship in Latin America

Daniel Bukstein and Nestor Gandelman
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Daniel Bukstein: Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía

No 106, Documentos de Investigación from Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales

Abstract: This paper estimates age, time and cohort effects in entrepreneurship in five Latin American countries. We find that the time effects are highly correlated with GDP growth. In most countries age effects show and inverse U shaped with maximum rates of entrepreneurship between 40 and 50 years. Finally, we find for Brazil, Mexico and Uruguay a clear pattern of lower entrepreneurship of the younger cohorts. We find almost no change in Peru and Chile over the last generations with a slight decrease for Peru and a slight increase for Chile

Keywords: entrepreneurship; cohort effects; age effects; business cycle; Latin America (search for similar items in EconPapers)
JEL-codes: J11 L26 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2016-05
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Journal Article: Cohort, Age and Business Cycle Effects in Entrepreneurship in Latin America (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:avs:wpaper:106

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