Entrepreneurship and the business cycle

PD Koellinger, Roy Thurik

Research output: Contribution to journalArticleAcademicpeer-review

268 Citations (Scopus)


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.
Original languageEnglish
Pages (from-to)1143-1156
Number of pages14
JournalThe Review of Economics and Statistics
Issue number4
Publication statusPublished - 19 Nov 2011

Research programs

  • EUR ESE 30


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