Entrepreneurship and unemployment: a nonlinear bidirectional causality
Joao Ricardo Faria,
Juan Cuestas and
NBS Discussion Papers in Economics from Economics, Nottingham Business School, Nottingham Trent University
This paper tests the view that the relation between unemployment and entrepreneurship is dynamic and possibly nonlinear. It performs Granger-causality tests and STAR-EXT estimation to assess the causality direction and the nonlinear nature of the relation for a set of OECD countries. The results reveal a bidirectional and nonlinear relation between business creation and changes in unemployment.
Keywords: New firms; employment creation; causality; nonlinearities; STAR-EXT (search for similar items in EconPapers)
JEL-codes: J69 L26 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-lab
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http://www.ntu.ac.uk/__data/assets/pdf_file/0011/3 ... and-unemployment.pdf First version, 2008 (application/pdf)
Journal Article: Entrepreneurship and unemployment: A nonlinear bidirectional causality? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:nbs:wpaper:2008/6
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