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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

邮发代号 80-978

Frontiers of Economics in China  2013, Vol. 8 Issue (2): 288-292   https://doi.org/10.3868/s060-002-013-0015-8
  research-article 本期目录
Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach
Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach
Jo?o Ricardo Faria()
MPA Program, University of Texas at El Paso, El Paso, TX 79968-0703, USA
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Abstract

This paper is an application of delay differential equations to entrepreneurship and unemployment. It shows that the results of empirical studies can be replicated through a simple DDE. The paper also carries out a comparative study between a solution of a DDE and the observation of cyclic behaviors. The calculated delay (and growth rate) of the entrepreneurship DDE for the US and Spain is 1.25 years (1.25), for Ireland is 1.75 years (0.89), and for the UK is 2 years (0.78). The delay (and growth rate) of the unemployment DDE for the US and Ireland is 1.5 years (1.04), for Spain is 2 years (0.78), and for the UK is 2.5 years (0.62).

Key wordsnew firms    employment creation    cycles    delay differential equations
出版日期: 2013-06-05
Corresponding Author(s): Jo?o Ricardo Faria,Email:rfaria2@utep.edu   
 引用本文:   
. Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach[J]. Frontiers of Economics in China, 2013, 8(2): 288-292.
Jo?o Ricardo Faria. Entrepreneurship and Unemployment Cycles: A Delay Differential Equation Approach. Front Econ Chin, 2013, 8(2): 288-292.
 链接本文:  
https://academic.hep.com.cn/fec/CN/10.3868/s060-002-013-0015-8
https://academic.hep.com.cn/fec/CN/Y2013/V8/I2/288
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