Entrepreneurship and the Business Cycle
2011-07-19
Article
pp 1-14.
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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.
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- entrepreneurship
- business
- cycle
- country
- entrepreneur
- unemployment
- result
- activity
- level
- fi rms
- model
- economic
- review
- shock
- effect
- thurik
- journal
- economy
- business cycle
- recession
