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Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach

Author

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  • Jo?o Ricardo Faria

    (MPA Program, University of Texas at El Paso, El Paso, TX 79968-0703, USA)

Abstract

This paper is an application of delay differential equations to entrepreneurship and unemployment. It shows that the results of empirical studies can be replicated through a simple DDE. The paper also carries out a comparative study between a solution of a DDE and the observation of cyclic behaviors. The calculated delay (and growth rate) of the entrepreneurship DDE for the US and Spain is 1.25 years (1.25), for Ireland is 1.75 years (0.89), and for the UK is 2 years (0.78). The delay (and growth rate) of the unemployment DDE for the US and Ireland is 1.5 years (1.04), for Spain is 2 years (0.78), and for the UK is 2.5 years (0.62).

Suggested Citation

  • Jo?o Ricardo Faria, 2013. "Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 8(2), pages 288-292, June.
  • Handle: RePEc:fec:journl:v:8:y:2013:i:2:p:288-292
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-002-013-0015-8
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    Citations

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    Cited by:

    1. Veronika Novotná & Vladěna Štěpánková, 2015. "Parameter Estimation for Dynamic Model of the Financial System," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(6), pages 2051-2055.
    2. Mabel Pisá-Bó & José Fernando López-Muñoz & Josefina Novejarque-Civera, 2021. "The ever-changing socioeconomic conditions for entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1335-1355, September.

    More about this item

    Keywords

    new firms; employment creation; cycles; delay differential equations;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools

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