Entrepreneurship and the Business Cycle

Philipp Koellinger and Roy Thurik

No 09-032/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper resulted in a publication in 'The Review of Economics and Statistics' (2012). Volume 94, issue 4, pages 1143-1156.

We study the cyclical pattern of entrepreneurial activity. Results across 22 OECD countries for the period 1972-2007 show that entrepreneurial activity is a leading indicator of the business cycle in a Granger-causality sense. This contradicts existing theoretical hypotheses which predict that entrepreneurship is pro-cyclical or not cyclical. We discuss possible causes and implications of this finding.

Keywords: Entrepreneurship; business cycle (search for similar items in EconPapers)
JEL-codes: E32 L26 (search for similar items in EconPapers)
Date: 0000-00-00, Revised 2009-09-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Related works:
Journal Article: Entrepreneurship and the business cycle (2014)
Journal Article: Entrepreneurship and the Business Cycle (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20090032

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