The Dynamics of Entrepreneurship: Hysteresis, Business Cycles and Government Policy

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 entrepreneurship. We find evidence of hysteresis in Spain, but not the US, while in both countries business cycle output variations significantly affect future rates of entrepreneurship. The article discusses implications of the findings for the design of entrepreneurship policies.hysteresis, unobserved components model, time series models, business cycles, self-employment, entrepreneurship

Testing for Hysteresis in Entrepreneurship in 23 OECD Countries

We explore the macro structure of entrepreneurship rates in a panel of 23 OECD countries over 1972-2006. We find that rates of entrepreneurship in OECD’s countries exhibit persistence rather than hysteresis. Implications for the design of entrepreneurship policies are discussed

Second-layer nucleation in coherent Stranski-Krastanov growth of quantum dots

We have studied the monolayer-bilayer transformation in the case of the coherent Stranski-Krastanov growth. We have found that the energy of formation of a second layer nucleus is largest at the center of the first-layer island and smallest on its corners. Thus nucleation is expected to take place at the corners (or the edges) rather than at the center of the islands as in the case of homoepitaxy. The critical nuclei have one atom in addition to a compact shape, which is either a square of i*i or a rectangle of i*(i-1) atoms, with i>1 an integer. When the edge of the initial monolayer island is much larger than the critical nucleus size, the latter is always a rectangle plus an additional atom, adsorbed at the longer edge, which gives rise to a new atomic row in order to transform the rectangle into the equilibrium square shape.Comment: 6 pages, 4 figures. Accepted version, minor change

Quantum-limited metrology with product states

We study the performance of initial product states of n-body systems in generalized quantum metrology protocols that involve estimating an unknown coupling constant in a nonlinear k-body (k << n) Hamiltonian. We obtain the theoretical lower bound on the uncertainty in the estimate of the parameter. For arbitrary initial states, the lower bound scales as 1/n^k, and for initial product states, it scales as 1/n^(k-1/2). We show that the latter scaling can be achieved using simple, separable measurements. We analyze in detail the case of a quadratic Hamiltonian (k = 2), implementable with Bose-Einstein condensates. We formulate a simple model, based on the evolution of angular-momentum coherent states, which explains the O(n^(-3/2)) scaling for k = 2; the model shows that the entanglement generated by the quadratic Hamiltonian does not play a role in the enhanced sensitivity scaling. We show that phase decoherence does not affect the O(n^(-3/2)) sensitivity scaling for initial product states.Comment: 15 pages, 6 figure

A group theoretical approach to structural transitions of icosahedral quasicrystals and point arrays

In this paper we describe a group theoretical approach to the study of structural transitions of icosahedral quasicrystals and point arrays. We apply the concept of Schur rotations, originally proposed by Kramer, to the case of aperiodic structures with icosahedral symmetry; these rotations induce a rotation of the physical and orthogonal spaces invariant under the icosahedral group, and hence, via the cut-and-project method, a continuous transformation of the corresponding model sets. We prove that this approach allows for a characterisation of such transitions in a purely group theoretical framework, and provide explicit computations and specific examples. Moreover, we prove that this approach can be used in the case of finite point sets with icosahedral symmetry, which have a wide range of applications in carbon chemistry (fullerenes) and biology (viral capsids).Peer reviewe