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.

Additional Metadata
Persistent URL dx.doi.org/10.1162/REST_a_00224, hdl.handle.net/1765/77819
Journal The Review of Economics and Statistics
Citation
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