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This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the … US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …
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. -- entrepreneurship ; occupational choice ; firm size …
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determinants of business ownership in America. -- entrepreneurship ; occupational choice ; family ; business ownership …
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