Schumpeterian 'Creative Destruction' and Strengthening the Business Stock Through Firm Formation

James Derbyshire and Garry Haywood
Additional contact information
James Derbyshire: Management School, University of Liverpool, UK

Working Papers from University of Liverpool, Department of Economics

Abstract: Atherton (2006) has noted that the current policy preoccupation with increasing start-up levels is often justified in terms of Schumpeterian creative destruction which facilitates evolutionary strengthening in the business stock. This article seeks to consider the validity of this justification. Beyond this, this article shows that the most commonly employed measures of firm formation, the ‘business stock’ and ‘labour market’ approaches, and the most commonly employed dataset, the VAT data, are inadequate for assessing policy couched in Schumpeterian terms as they are unable to account for the evolution of the business stock. A new dataset employing new measures better able to account for the challenge to the business stock brought about by formation is introduced.

Pages: 18 pages
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.liv.ac.uk/managementschool/research/working%20papers/wp200739.pdf (application/pdf)

Related works:
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:liv:livedp:200739

Access Statistics for this paper

More papers in Working Papers from University of Liverpool, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Rachel Slater ().