Artikel

Entrepreneurship and the business cycle

Entrepreneurship has a cyclical component, raising two questions. Is the entrepreneurship cycle related to the business cycle? And is there causality? A two-way 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 actors escaping unemployment by setting up a business (necessity entrepreneurship). Nascent entrepreneurship can indeed be precyclical, implying that the two faces of entrepreneurship also show up in the business cycle, with promising policy implications.

Language
Englisch

Bibliographic citation
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2014 ; Bonn: Institute for the Study of Labor (IZA)

Classification
Wirtschaft
Business Fluctuations; Cycles
Entrepreneurship
Subject
entrepreneurship
business cycle
precyclicality
nascent entrepreneurship

Event
Geistige Schöpfung
(who)
Thurik, Roy
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2014

DOI
doi:10.15185/izawol.90
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Thurik, Roy
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2014

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