English, Article, Journal or magazine article edition: Entrepreneurship and the Business Cycle P.D. Koellinger; A.R. Thurik

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Bookmark: http://trove.nla.gov.au/version/120593
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Entrepreneurship and the Business Cycle
Author
  • P.D. Koellinger
  • A.R. Thurik
Physical Description
  • preprint
Notes
  • We study the cyclical pattern of entrepreneurial activity. Results across 22 OECD countries for the period 1972-2007 show that entrepreneurial activity is a leading indicator of the business cycle in a Granger-causality sense. This contradicts existing theoretical hypotheses which predict that entrepreneurship is pro-cyclical or not cyclical. We discuss the causes and implications of this finding which have immense policy relevance during the second economic crisis of the 21st century.
  • Entrepreneurship; business cycle
  • RePEc:dgr:uvatin:20090032
Language
  • English
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