Did US business dynamism recover in the 2010s?

Asier Aguilera-Bravo, Miguel Casares and Hashmat Khan ()

Economics Letters, 2022, vol. 211, issue C

Abstract: We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the decline observed over previous decades. However, neither the job creation and destruction rates nor the reallocation rates show signs of recovery. These conflicting features are reconciled after we control for the changes in job size of business units. As a result, we conclude that business dynamism flattened at historically low levels during the 2010s.

Keywords: Business dynamism; Size-adjusted entry and exit rates; BDS; BED (search for similar items in EconPapers)
JEL-codes: E22 E32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176521004791
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Did US Business Dynamism Recover in the 2010s? (2021)
Working Paper: Did US Business Dynamism Recover in the 2010s? (2021)
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:eee:ecolet:v:211:y:2022:i:c:s0165176521004791

DOI: 10.1016/j.econlet.2021.110247

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().