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Koellinger, P. and Thurik, A. (2012). Entrepreneurship and the business cycle. Review of Economics and Statistics, 94(4):1143-1156.


  • Journal
    Review of Economics and Statistics

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.