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

Author

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  • Daniel Bukstein

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

  • Nestor Gandelman

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

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

Suggested Citation

  • Daniel Bukstein & Nestor Gandelman, 2016. "Cohort, age and business cycle effects in entrepreneurship in Latin America," Documentos de Investigación 106, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    • Handle: RePEc:avs:wpaper:106
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    More about this item

    Keywords

    entrepreneurship; cohort effects; age effects; business cycle; Latin America;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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