Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 0000-00-00
Revision-Date: 2009-09-30
Number: 09-032/3
Author-Name: P.D. Koellinger
Author-Workplace-Name: Erasmus School of Economics, Erasmus University Rotterdam
Author-Name: A.R. Thurik
Author-Workplace-Name: Erasmus School of Economics, Erasmus Universiteit Rotterdam
Title: Entrepreneurship and the Business Cycle
Abstract: This discussion paper resulted in a publication in <A HREF="https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00224#.VtRPLubGp-g">'The Review of Economics and Statistics'</A> (2012). Volume 94, issue 4, pages 1143-1156.<P>

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 possible causes and implications of this finding.
Classification-JEL: L26, E32
Keywords: Entrepreneurship, business cycle
File-Url: https://papers.tinbergen.nl/09032.pdf
File-Format: application/pdf
File-Size: 602576 bytes
Handle: RePEc:tin:wpaper:20090032