| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8588 |
| DP8588 New Business Start-ups and the Business Cycle | |
| Melvyn G Coles; Ali Moghaddasi Kelishomi | |
| 发表日期 | 2011-10-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper considers new business start-up activity within a stochastic equilibrium model of unemployment. The resulting job creation process is both natural and tractable, and generates equilibrium unemployment and vacancy dynamics which match the volatility and persistence observed in the data. The insight is that the standard Diamond/Mortensen/Pissarides matching framework works beautifully once the free entry of vacancies assumption is replaced by a model of business start-up activity. The approach is particularly important as it is demonstrated that a large part of net job creation in the U.S. economy can be attributed to new business start-ups. |
| 主题 | Labour Economics |
| 关键词 | Equilibrium unemployment Startups Aggregate dynamics |
| URL | https://cepr.org/publications/dp8588 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537425 |
| 推荐引用方式 GB/T 7714 | Melvyn G Coles,Ali Moghaddasi Kelishomi. DP8588 New Business Start-ups and the Business Cycle. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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