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using model based clustering algorithms. Recent works have evidenced how volatility structure can vary along time, with …
Persistent link: https://www.econbiz.de/10009216662
We contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas - entry costs and external effects. We extend the Lucas model of entrepreneurship to allow for heterogeneous entry costs and for externalities that shift the...
Persistent link: https://www.econbiz.de/10005049468
of homogeneous time series in terms of correlation dynamics. The approach is based on a clustering algorithm, which uses …
Persistent link: https://www.econbiz.de/10005547996