The Great Recession, entrepreneurship, and productivity performance

Federico Diez

No 14-8, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: In recent years, it is argued, the level of entrepreneurial activity in the United States has declined, causing concern because of its potential macroeconomic implications. In particular, it is feared that a lower rate of firm creation may be associated with lower productivity growth and, hence, lower economic growth in the coming years. This paper studies the issue, focusing on the dynamics of entrepreneurship and productivity around the time of the Great Recession. The author looks first at the recent evolution of alternative measures of entrepreneurship and of productivity, and then analyzes the relationship between the two concepts.

Keywords: productivity; firm creation; total factor productivity; entrepreneurship (search for similar items in EconPapers)
JEL-codes: D24 L26 O47 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2014-11-01
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-ent and nep-sbm
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Citations: View citations in EconPapers (1)

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