Entrepreneurship and the Business Cycle
基于22个OECD国家1972-2007年的面板数据，发现创业活动格兰杰引起世界经济周期，且国家失业周期正向影响创业周期。
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, the entrepreneurial cycle is positively affected by the national unemployment cycle. We discuss possible causes and implications of these findings.