Fritsch, Michael; Konon, Alexander; Kritikos, Alexander - 2017 - This version: August 25, 2017
We analyze whether start-up rates in different industries systematically change with business cycle variables. We … innovative and non-in- novative industries. Entries into the large-scale industries, including the innovative part of the …-scale industries, like the knowledge intensive services, are merely influenced by changes in the cyclical com- ponent of GDP. Business …