Did US Business Dynamism Recover in the 2010s?

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

No 21-03, Carleton Economic Papers from Carleton University, Department of Economics

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)
Pages: 12 pages
Date: 2021-04-26, Revised 2021-12-20
New Economics Papers: this item is included in nep-bec, nep-ent, nep-mac and nep-sbm
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Published: Carleton Economics Papers

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Related works:
Journal Article: Did US business dynamism recover in the 2010s? (2022)
Working Paper: Did US Business Dynamism Recover in the 2010s? (2021)
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