“The Report of My Death was an Exaggeration”: Business Dynamism in the United States
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John W. Mayo
,
Tsolmon Otgon
Abstract
The specific ways in which new businesses create jobs, stimulate productivity and enhance economic growth are complex. Amidst this complexity, a narrative has emerged that business dynamism has suffered a secular decline in recent decades that has continued to today. Our analysis, however, reveals that the so-called “secular trend” is more of a mechanical artifact than an indication of reduced entrepreneurial propensities to enter markets. Moreover, recent data indicate that both gross and net new establishment formation has been at historically unprecedented high levels.
References
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© 2024 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
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- Editorial
- Editorial: Bureaucracy, Regulation and Deregulation
- Policy Papers (No Special Focus)
- Using Market Design to Reform the US Electoral College
- Financial Stability and Monetary Policy Autonomy in Japan. Should Japan Peg the Yen to the Dollar?
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- Efficacy of Economic Sanctions on Imposing Costs to State-Owned Enterprises: The Case of Iran
- Policy Forum: Bureaucracy, Regulation and Deregulation
- “The Report of My Death was an Exaggeration”: Business Dynamism in the United States
- Balancing Power: The Impact of Legislative Structure on Sunset Laws and Administrative Procedure Acts
- When Less Means More: Policy Accumulation, Administrative Capacities, and Policy Performance
- Lost Economic Output due to High Bureaucratic Burden: The Case for Germany
- Regulation and Income Mobility
- A 3D Look at Argentina: Deregulation, Dollarization, Deflation
- Taxonomy Disclosure in the EU – A Useful Framework, Despite Current Challenges
- Comment on “EU Taxonomy: Mission Impossible” by Kooths (2023)
- Reply to Comment on “EU Taxonomy: Mission Impossible”
Articles in the same Issue
- Frontmatter
- Editorial
- Editorial: Bureaucracy, Regulation and Deregulation
- Policy Papers (No Special Focus)
- Using Market Design to Reform the US Electoral College
- Financial Stability and Monetary Policy Autonomy in Japan. Should Japan Peg the Yen to the Dollar?
- The Present Monetary Policy Framework is Seriously Flawed
- On the Reform of Fiscal Rules in the European Union: What Has Been Achieved, and How Did We Get Here?
- Efficacy of Economic Sanctions on Imposing Costs to State-Owned Enterprises: The Case of Iran
- Policy Forum: Bureaucracy, Regulation and Deregulation
- “The Report of My Death was an Exaggeration”: Business Dynamism in the United States
- Balancing Power: The Impact of Legislative Structure on Sunset Laws and Administrative Procedure Acts
- When Less Means More: Policy Accumulation, Administrative Capacities, and Policy Performance
- Lost Economic Output due to High Bureaucratic Burden: The Case for Germany
- Regulation and Income Mobility
- A 3D Look at Argentina: Deregulation, Dollarization, Deflation
- Taxonomy Disclosure in the EU – A Useful Framework, Despite Current Challenges
- Comment on “EU Taxonomy: Mission Impossible” by Kooths (2023)
- Reply to Comment on “EU Taxonomy: Mission Impossible”
