Entry, Exit and Economic Growth: US Regional Evidence

Miguel Casares and Hashmat Khan ()

No 14-08, Carleton Economic Papers from Carleton University, Department of Economics

Abstract: Entry rates have a negative long-run effect on US regional growth, which contradicts innovation-based growth models. This puzzle is resolved when a model-consistent specification is estimated using per capita entry growth. Evidence supports the Schumpeterian hypothesis of a positive relationship between exit and economic growth.

Keywords: Entry-exit rates; Per capita entry-exit growth; Economic growth (search for similar items in EconPapers)
JEL-codes: O30 O40 O51 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2014-07-15
New Economics Papers: this item is included in nep-ent, nep-fdg, nep-geo, nep-gro and nep-ure
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Published: Carleton Economic Papers

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Persistent link: https://EconPapers.repec.org/RePEc:car:carecp:14-08

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