Has the Swedish Business Sector Become More Entrepreneurial than the U.S. Business Sector?
Fredrik Heyman (),
Pehr-Johan Norbäck () and
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Fredrik Andersson: Research Institute of Industrial Economics (IFN), Postal: P.O. Box 55665, SE-102 15 Stockholm, Sweden
No 1147, Working Paper Series from Research Institute of Industrial Economics
Recent studies document a 30-year decline in various measures of entrepreneurship in the United States. In contrast, using detailed Swedish employer-employee data over the period 1990–2013, we find no decline in Swedish entrepreneurial activity. Aggregate net job creation is greatest among the youngest firms in the Swedish business sector. Moreover, most of the net job creation by young firms takes place in the expanding service sector. We argue that a key explanation for the high entrepreneurial activity in the Swedish business sector during the last two decades stems from economic reforms in the 1990s that mitigated several hurdles to entrepreneurship.
Keywords: Entrepreneurship; Job dynamics; Matched employer-employee data; Industrial structure and structural change (search for similar items in EconPapers)
JEL-codes: J23 K23 L26 L51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-ent, nep-lma and nep-ure
Date: 2016-12-21, Revised 2018-11-19
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Journal Article: Has the Swedish business sector become more entrepreneurial than the US business sector? (2019)
Working Paper: Has the Swedish Business Sector Become More Entrepreneurial than the US Business Sector? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:1147
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