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Working Paper 06-16 - Young Firms and Industry Dynamics in Belgium

Michel Dumont and Chantal Kegels

Working Papers from Federal Planning Bureau, Belgium

Abstract: Recent studies reveal the importance of entrants and young firms for job creation, productivity and economic growth. Some scholars argue that the falling rate at which new firms are established, can explain, to a certain extent, the productivity slowdown witnessed in most OECD countries. Belgium appears to stand out unfavourably from other countries in its very low start-up rate. This paper reviews the empirical cross-country evidence, provides some additional analysis of the role of young firms in industry-level employment and productivity dynamics in Belgium and concludes with a discussion of the implications for economic policy.

Keywords: Start-ups; Young firms; Productivity growth; Job creation (search for similar items in EconPapers)
JEL-codes: D22 D24 E23 E24 H32 L25 L26 L53 (search for similar items in EconPapers)
Date: 2016-06-24
New Economics Papers: this item is included in nep-bec, nep-lab, nep-mac and nep-tid
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