This article estimates two unobserved components models to explore the macrodynamics of entrepreneurship in Spain and … the USA. We ask whether entrepreneurship exhibits hysteresis, defined as a macrodynamic structure in which the cyclical … component of entrepreneurship has persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in …

– as related but distinct groups within entrepreneurship, this work analyzes the roles of different factors in … entrepreneurship survival in Europe from a new perspective: contrasting the determinants of own-account workers’ survival with those … affecting employers’ survival in the EU-15. Our results confirm the presence of persistence in entrepreneurship. However, we …