The level of entrepreneurship and the business cycle: A case study of Poland at the national and regional level

Abstract

At present, more attention is paid to the relationship between entrepreneurship and the phase of the business cycle. As there is a certain gap in the knowledge of this problem in Poland, it seemed important to verify the above relationship. The main purpose of this research was to diagnose dependences between the level of entrepreneurship and the business cycle phases on both the national and regional levels (NUTS 2). A correlation analysis was carried out using the entrepreneurship rate and the cyclical component of the real gross domestic product growth rate. The study covered the years 2005–2018. The results of the analysis did not provide the ground for drawing unambiguous conclusions about the relationships between the analysed variables. However, there is a weak positive correlation on the national level and certain positive relationships also appear on the regional level.

Keywords: Business cycle, entrepreneurship, push and pull, Poland, self-employment;