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This paper investigates the dynamic relationship between self-employment and unemployment rates. On the one hand, high unemployment rates may lead to start-up activity of self-employed individuals (the “refugee” effect). On the other hand, higher rates of self-employment may indicate...
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characteristic but it is also uncertain. In that perspective, the role of entrepreneurship is to take on the corresponding risk by … on both variables, entrepreneurship and economic performance, simultaneously. We find significant impact of … entrepreneurship capital on economic output. On the other hand, spatially specific entrepreneurship capital is shaped by regional …
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The present paper deals with the distinction between the models of the managed and entrepreneurial economies. It explains why the model of the entrepreneurial economy may be a better frame of reference than the model of the managed economy in the contemporary, developed economies. This is done...
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