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Profits are the incentive for production and therefore employment in almost all of the world's economies; they also may represent exploitation of workers and consumers. Jerome Levy, using a complex process, derived the profits identity during the years 1908-1914. Michal Kalecki, taking advantage...
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Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …
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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 …
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