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 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.
|Persistent URL||dx.doi.org/10.1162/REST_a_00224, hdl.handle.net/1765/77819|
|Journal||The Review of Economics and Statistics|
Koellinger, Ph.D, & Thurik, A.R. (2012). Entrepreneurship and the business cycle. The Review of Economics and Statistics, 94(4), 1143–1156. doi:10.1162/REST_a_00224