Did US business dynamism recover in the 2010s?

Why Did “Zombie” Firms Recover in Japan?

The Japanese economy experienced prolonged recessions during the 1990s. Previous studies suggest that evergreen lending to troubled firms known as “zombie firms” distorted market discipline in terms of stabilizing the Japanese economy and caused significant delays in the economy’s recovery. However, the eventual bankruptcy of zombies was rare. In fact, a majority of the “zombie” firms substanti...

The 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...

The Growth Dynamism in the Islamic Countries

This paper has examined the phenomenon of convergence of per capita out put levels across the IC countries for the 1960-1998 periods. Three concepts of convergence, i.e., sigma beta and relative beta, have been used. The estimated beta values reveals only a very weak convergence (?=.0014) across IC for 1960-1998 period. But when a more homogeneous group of countries were selected, the results s...

Did Meditating make us Human ?

Did Meditating make us Human? Matt J. Rossano Abstract This paper proposes that campfire rituals of focused attention created Baldwiniantype selection pressure for enhanced working memory capacity among our Homo sapiens ancestors. This model is grounded in five propositions including: that the emergence of symbolism occurred late in the archaeological record, that this emergence was caused by a...

When will US Employment Recover from the Great Recession?