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Firm entry and exit flows in the retailing and consumer services may be viewed as market equilibrating processes. Local …' effect on entry in easy-to-enter industries, but also a significant effect of unemployment on exit. … markets with considerable market room and high unemployment ought to be characterized by high subsequent entry rates and low …
Persistent link: https://www.econbiz.de/10009353630
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...
Persistent link: https://www.econbiz.de/10011372966
The influence of industrial structure, more specifically of business ownership, is investigated on the level of unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of unemployment. It will be concluded that Japan is hardly an...
Persistent link: https://www.econbiz.de/10011334828
The relationship between entrepreneurship, measured by fluctuations in the business ownership rate, and unemployment in Japan is examined for the period 1972-2002. We conclude that, although Japan's unemployment rate has been influenced by different exogenous shocks as compared to other OECD...
Persistent link: https://www.econbiz.de/10011280364
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This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This...
Persistent link: https://www.econbiz.de/10010790439
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...
Persistent link: https://www.econbiz.de/10010800970
) frictions in the labor market: frictional firm entry, endogenous product variety, and investment in two assets: stocks and …
Persistent link: https://www.econbiz.de/10012670878