Unemployment and entrepreneurship: A cyclical relation?
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).
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- Faria, João Ricardo & Cuestas, Juan Carlos & Mourelle, Estefanía, 2010.
"Entrepreneurship and unemployment: A nonlinear bidirectional causality?,"
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