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喜欢的，可要及时跟帖哦：） New firm registration and the business cycle Leora Klapper, Inessa Love and Douglas Randall （Date: 2014-02-01） No 6775, Policy Research Working Paper Series from The World Bank Abstract: 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 with stronger pro-cyclicality of entrepreneurship both across countries and within countries over time. The results are robust to various measures of business regulation, such as the cost and time of starting a new firm and closing an insolvent firm. These findings suggest that fostering an efficient regulatory environment for the financial and private sector is important for encouraging a speedier recovery in the formation of new firms during economic expansions and aiding the efficient wind-down of insolvent firms during economic slowdowns. Keywords: Environmental Economics&Policies; Business in Development; Business Environment; Competitiveness and Competition Policy; E-Business (search for similar items in EconPapers) 文章在附件中，回复可见哦：） 对大家有启发吗？如果喜欢，记得点击我的头像下方加关注，成为我的粉丝哦！ 注：帮助人大经济论坛推广，复制贴子内容（带人大经济论坛网址）并发到其他论坛和网站；或点击贴子标题后的“复制链接”，把本贴推荐到QQ群或自己的微博（最好@人大经济论坛），然后跟贴贴出链接或截图，证明已作推广的，将获得20个论坛币的奖励！ |
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