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The participation of women in entrepreneurial activity forty years ago was virtually an exception. However, nowadays this is an important economic and social phenomenon, with an outstanding impact on the dynamics of both advanced and emerging economies. This is significant not only from a...
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This paper assesses the prospects of a 2021 time bomb in small and medium-sized enterprises (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 time bomb for SMEs. Rather, business...
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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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Hamiltonś data for Spain, which was of much higher quality). Both rightly noted that the proper comparison had to be made …
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