منابع مشابه
Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown
A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that diminished allocative effici...
متن کاملThe Secular Decline in Business Dynamism in the U.S
decline in business dynamism is evident in a pronounced declining trend in the pace of both gross job creation and gross job destruction. An important component of these declining trends has been the decline in the firm startup rate. The decline in the startup rate has yielded a significant decline in the share of employment accounted for by young firms – this share has declined by almost 30 pe...
متن کاملChanging Business Dynamism and Productivity: Shocks vs. Responsiveness
The pace of business dynamism as measured by indicators such as job reallocation has declined in recent decades in the U.S., and theory suggests that this may have implications for productivity. The declining dynamism in sectors like Retail Trade disproportionately accounted for these trends in the 1980s and 1990s, and was productivity enhancing. In contrast, the pace of reallocation in High-Te...
متن کاملBusiness Dynamism and Economic Growth: U.S. Regional Evidence
We document empirical evidence linking regional growth in the United States over the last 25 years with entrepreneurial activity, or ‘business dynamism’. The main data source is the Business Dynamics Statistics (BDS) released by the US Census Bureau. We uncover a new stylised fact: across US states, it is not the level but rather the change in business entry rate that has a significant positive...
متن کاملChanging Business Dynamism: Volatility of Shocks vs. Responsiveness to Shocks?
The pace of business dynamism as measured by indicators such as job reallocation has declined in the U.S. in recent decades, but this decline has not been monotonic for all sectors. For the High Tech sector, business dynamism as measured by the pace of job reallocation rose through the 1990s but then declined sharply in the post-2000 period. This is in contrast with the Retail Trade sector, whi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Small Business Economics
سال: 2018
ISSN: 0921-898X,1573-0913
DOI: 10.1007/s11187-018-0123-4