Entrepreneurship and the Business Cycle
We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972-2007; 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.
|Keywords||business cycle, entrepreneurship|
|Persistent URL||dx.doi.org/10.1162/REST_a_00224, hdl.handle.net/1765/37309|
Koellinger, Ph.D., & Thurik, A.R.. (2011). Entrepreneurship and the Business Cycle . The Review of Economics and Statistics, 1–14. doi:10.1162/REST_a_00224