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Koellinger, P. and Thurik, R. (2011). 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 1972-2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, entrepreneurial activity is affected by national unemployment levels. We discuss possible causes and implications of these findings.