The New Growth Theory has put the issue of endogenous technical change back into the center of attention. Although the statistical material available to the researcher wanting to investigate the economic influence of technological innovation is not very adequate, the aim of this paper is to...

The goal of this paper is to compare a reduced version of a social accounting matrix (SAM) for Andalusia and Catalunya. Using available data for Regional Accounts, Input-output tables, etc., we provide a complete picture of flow among economic agents (four producers, one consumer, the Government...

Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship performance. The entrepreneur's human capital is, though, only one of the input factors into the production process of her venture. The value of other input factors, such as (knowledge)...

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...

The dynamics of startup activity are crucial for job creation, innovation, and a competitive economy. Does regional firm formation exhibit hysteresis, such that shocks, including those induced by temporary policy interventions, have permanent effects? Due to the pronounced heterogeneity among...