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n this paper, we develop two hypotheses: First, regional innovation efforts have a positive impact on regional knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic performance. We test these hypotheses using county level data...
Persistent link: https://www.econbiz.de/10005144397
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...
Persistent link: https://www.econbiz.de/10005144558
a slow and not very systematic convergence of labor productivity toward a common level, and of an even more uncertain … convergence of unemployment rates. This paper uses a unified framework to study both phenomena. We adopt a three …-migration from agriculture can generate convergence are formulated; and by Baumol (1967), where the role of an expansion of services …
Persistent link: https://www.econbiz.de/10005037590
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...
Persistent link: https://www.econbiz.de/10005137301