Koellinger, Philipp D.; Thurik, A. Roy - In: The Review of Economics and Statistics 94 (2012) 4, pp. 1143-1156
We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972 to 2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, the entrepreneurial cycle is positively affected by the national unemployment cycle. We...