models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present … paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship … while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of …

Entrepreneurship has a cyclical component, raising two questions. Is the entrepreneurship cycle related to the business … cycle? And is there causality? A twoway relationship between entrepreneurship and the business cycle would be in line with … the two faces of entrepreneurs: as agents of change creating upswings (opportunity entrepreneurship) and as rational …