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Entrepreneurship and the Business Cycle

  • Philipp D. Koellinger

    (Erasmus School of Economics, Tinbergen Institute, Erasmus Research Institute in Management, German Institute for Economic Research)

  • A. Roy Thurik

    (Erasmus School of Economics, Tinbergen Institute, Erasmus Research Institute in Management, German Institute for Economic Research)

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. © 2012 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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File URL: http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00224
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Article provided by MIT Press in its journal Review of Economics and Statistics.

Volume (Year): 94 (2012)
Issue (Month): 4 (November)
Pages: 1143-1156

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Handle: RePEc:tpr:restat:v:94:y:2012:i:4:p:1143-1156
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