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Keywords: Panel error correction model
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Journal Articles
An empirical note on entrepreneurship and unemployment: Further evidence from U.S. States
Available to Purchase
Journal of Entrepreneurship and Public Policy (2016) 5 (1): 73–81.
Published: 11 April 2016
... are cointegrated. The panel error correction model reveals that bidirectional causality exists among the variables in both the short run and long run. With respect to entrepreneurship, an increase in the UR increases the rate of entrepreneurship, in turn, an increase in the rate of entrepreneurship lowers the UR...
