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- W2341624802 abstract "We document empirical evidence on the determinants of U.S. regional growth over the last 25 years, with a special attention to the role of entrepreneurial activity or `business dynamism'. The main data source is the Business Dynamics Statistics (BDS) released by the U.S. Census Bureau. The key findings are: i) business entry and exit rates are similarly distributed across states, ii) neither entry nor exit rates have had a significant impact on regional growth, iii) higher business density results in faster regional growth, iv) entry rates have fallen over time and the states with greater business detrending have had weaker economic growth, v) states where entry and exit show substantial comovement (business churning) tend to grow faster, especially after 2007, vi) state-level population growth has no substantial e ffect on regional growth, and vii) the convergence hypothesis holds across the states of the U.S." @default.
- W2341624802 created "2016-06-24" @default.
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- W2341624802 date "2016-10-31" @default.
- W2341624802 modified "2023-09-27" @default.
- W2341624802 title "Business Dynamism and Economic Growth: U.S. Regional Evidence" @default.
- W2341624802 hasPublicationYear "2016" @default.
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