In our analysis of the impact of new firm formation on regional employment change we identified considerable time lags. We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on regional...

We investigate the impact of new business formation on regional employment. The main effects occur after a considerable time lag. Obviously, a large part of the effect is not due to job creation by the newcomers but rather is of indirect nature. This implies that a large part of the debate about...

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...

“The Principles of Scientific Management” by Frederick Taylor is among the first attempts to set up a coherent set of principles and rules in the practice of management. While Taylor seems to have gone too far by claiming that the status of his statements is scientific, we argue that he made...

Describes the activities of Youth Business International (YBI) in aiding unemployed young people to become entrepreneurs.