Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …

level in Spain in the period 1979-2001. We estimate a vec-tor autoregression model as proposed by Audretsch, Carree, van … distinguish between higher and lower income regions within Spain. We find empirical support for the 'entrepreneurial' effect to … income regions of Spain, even though unemployment rates are on average higher in these regions. We argue that this may be …