This paper investigates the determinants of self-employment entry and success in Spain during the Nine-ties by means of two complementary data sets. The data used come from the European Community Household Panel (ECHP) and from the Spanish Continuous Expenditure Survey (ECPF). Toward this end,...

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...

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...