The State of American Entrepreneurship: New Estimates of the Quality and Quantity of Entrepreneurship for 32 US States, 1988-2014

Jorge Guzman and Scott Stern

No 22095, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality of new ventures. Combining comprehensive business registries and predictive analytics, we present estimates of entrepreneurial quantity and quality from 1988-2014. Rather than a secular pattern of declining business dynamism, our quality-adjusted measures follow a cyclical pattern sensitive to economic and capital market conditions. Consistent with the role of investment cycles as a driver of high-growth entrepreneurship, our results highlight the role of economic and institutional conditions as a driver of both initial entrepreneurial quality and the scaling of new ventures over time.

JEL-codes: C53 L26 O51 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-ent, nep-ind, nep-ino and nep-sbm
Note: EFG PR
References: Add references at CitEc
Citations: View citations in EconPapers (48)

Published as Jorge Guzman & Scott Stern, 2020. "The State of American Entrepreneurship: New Estimates of the Quantity and Quality of Entrepreneurship for 32 US States, 1988–2014," American Economic Journal: Economic Policy, vol 12(4), pages 212-243.

Downloads: (external link)
http://www.nber.org/papers/w22095.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:22095

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w22095

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().