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.

doi.org/10.1162/REST_a_00224, hdl.handle.net/1765/37309
The Review of Economics and Statistics
Erasmus School of Economics

Koellinger, P., & Thurik, R. (2011). Entrepreneurship and the Business Cycle
. The Review of Economics and Statistics, 1–14. doi:10.1162/REST_a_00224