Entrepreneurship and the Business Cycle

Philipp Koellinger and Roy Thurik

The Review of Economics and Statistics, 2012, vol. 94, issue 4, 1143-1156

Abstract: We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972 to 2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, the entrepreneurial cycle is positively affected by the national unemployment cycle. We discuss possible causes and implications of these findings. © 2012 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: entrepreneurship; business cycle (search for similar items in EconPapers)
JEL-codes: E32 L26 (search for similar items in EconPapers)
Date: 2012
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Journal Article: Entrepreneurship and the business cycle (2014)
Working Paper: Entrepreneurship and the Business Cycle (2009)
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