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http://ssrn.com/abstract=1403867
 
 

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Entrepreneurship and the Business Cycle


Philipp Koellinger


Erasmus School of Economics; Erasmus Research Institute of Management (ERIM); University of Amsterdam - University of Amsterdam Business School

Roy Thurik


Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC); Erasmus Research Institute of Management (ERIM); EIM Netherlands - Business and Policy Research; Tinbergen Institute

April 20, 2009

Tinbergen Institute Discussion Paper No. TI 09-032/3

Abstract:     
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 policy implications of this finding.

Number of Pages in PDF File: 20

Keywords: Entrepreneurship, Business cycle

JEL Classification: L26, E32

working papers series


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Date posted: May 13, 2009  

Suggested Citation

Koellinger, Philipp and Thurik, Roy, Entrepreneurship and the Business Cycle (April 20, 2009). Tinbergen Institute Discussion Paper No. TI 09-032/3. Available at SSRN: http://ssrn.com/abstract=1403867 or http://dx.doi.org/10.2139/ssrn.1403867

Contact Information

Philipp Koellinger (Contact Author)
Erasmus School of Economics ( email )
Netherlands
Erasmus Research Institute of Management (ERIM) ( email )
P.O. Box 1738
3000 DR Rotterdam
Netherlands
University of Amsterdam - University of Amsterdam Business School ( email )
Roetersstraat 18
Amsterdam, 1018WB
Netherlands
Roy Thurik
Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC) ( email )
3000 DR Rotterdam
Netherlands
+31 10 408 2232 (Phone)
+31 10 408 9146 (Fax)
HOME PAGE: http://www.thurik.com
Erasmus Research Institute of Management (ERIM) ( email )
P.O. Box 1738
3000 DR Rotterdam
Netherlands
EIM Netherlands - Business and Policy Research
Postbus 7001
2701 AA Zoetermeer
Netherlands
+31 79 341 3634 (Phone)
+31 79 331 3742 (Fax)
Tinbergen Institute ( email )
Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands
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