New Small Firms and Dimensions of Economic Performance

Sherrill Shaffer, Iftekhar Hasan and Mingming Zhou ()

Economic Development Quarterly, 2015, vol. 29, issue 1, 65-78

Abstract: Using data from metropolitan U.S. labor market areas, the authors quantify empirical associations between entry by small firms and multiple economic outcomes including levels, growth rates, and volatilities of income and employment. The inclusion of volatilities, motivated by prior studies, fills an important gap in the empirical analysis of the economic effects of small business entry. We introduce a new measure of excess volatility to reduce any bias from endogeneity or reverse causality. Several robust associations emerge, suggesting a richer variety of effects of entry than previously documented, and raising important new questions for future research and public policy.

Keywords: growth; stability; employment; entry (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0891242414562829 (text/html)

Related works:
Working Paper: New small firms and dimensions of economic performance (2009)
Working Paper: NEW SMALL FIRMS AND DIMENSIONS OF ECONOMIC PERFORMANCE (2008)
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:sae:ecdequ:v:29:y:2015:i:1:p:65-78

DOI: 10.1177/0891242414562829

Access Statistics for this article

More articles in Economic Development Quarterly
Bibliographic data for series maintained by SAGE Publications ().