Arbeitspapier
Business cycles and start-ups across industries: An empirical analysis of German regions
We analyze whether start-up rates in different industries systematically change with business cycle variables. Using a unique data set at the industry level, we mostly find correlations that are consistent with counter-cyclical influences of the business cycle on entries in both innovative and non-innovative industries. Entries into the largescale industries, including the innovative part of manufacturing, are only influenced by changes in the cyclical component of unemployment, while entries into small-scale industries, like knowledge intensive services, are mostly influenced by changes in the cyclical component of GDP. Thus, our analysis suggests that favorable conditions in terms of high GDP might not be germane for start-ups. Given that both innovative and non-innovative businesses react counter-cyclically in 'regular' recessions, business formation may have a stabilizing effect on the economy.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1732
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Entrepreneurship
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- Thema
-
new business formation
entrepreneurship
business cycle
manufacturing
services
innovative industries
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Konon, Alexander
Fritsch, Michael
Kritikos, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Konon, Alexander
- Fritsch, Michael
- Kritikos, Alexander
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2018
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