lead to less economic growth? Hypotheses concerning all three issues are formulated setting up a new two-equation model. We …

This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when … structure. This secure environment no longer exists, and a new market environment conducive to new venture creation and growth …

‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic … fit of a U-shaped ‘equilibrium’ relationship when compared to an L-shaped one. There appears to be a growth penalty for …

employment growth has previously been examined either with no time-lag or with only a short period lag. The current paper …