New firm registration and the business cycle (English)

This paper uses new panel data on the number of new firm registrations in 109 countries during 2002-2012 to study the relationship between entrepreneurship and economic growth. The data show strong evidence of a pro-cyclical pattern in entrepreneurship. An examination of heterogeneous relationships between new firm registration and the business cycle finds that higher levels of financial development and better business environments are associated...

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Author

Klapper,Leora;

Love,Inessa;

Randall,Douglas;
Document Date
2014/02/01
Report Number
WPS6775
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2014/02/01
Disclosure Status
Disclosed
Doc Name
New firm registration and the business cycle
Keywords
Finance & Private Sector Development

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Citation

Klapper,Leora; Love,Inessa; Randall,Douglas.

New firm registration and the business cycle (English). Policy Research working paper ; no. WPS 6775 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/911411468331898446

New firm registration and the business cycle (English)

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