The Review of Economics and Statistics Vol. 94 No. 4 2012

Entrepreneurship and the Business Cycle

Philipp Koellinger^1,2; A. Roy Thurik

¹ German Institute for Economic Research · ² Tinbergen Institute

Abstract

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.

DOI

10.1162/rest_a_00224

Volume

94

Issue

4

Pages

1143-1156

Language

en

Sources

openalex crossref

Cite

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