This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the … US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …

the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship …

redistributive gains in the form of better loan terms as network members. -- entrepreneurship ; financiers ; networks ; start …

We explore the macro structure of entrepreneurship rates in a panel of 23 OECD countries over 1972-2006. We find that … rates of entrepreneurship in OECD’s countries exhibit persistence rather than hysteresis. Implications for the design of … entrepreneurship policies are discussed …