The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
Declining Business Dynamism: What We Know and the Way Forward
Abstract
A growing body of evidence indicates that the U.S. economy has become less dynamic in recent years. This trend is evident in declining rates of gross job and worker flows as well as declining rates of entrepreneurship and young firm activity, and the trend is pervasive across industries, regions, and firm size classes. We describe the evidence on these changes in the U.S. economy by reviewing existing research. We then describe new empirical facts about the relationship between establishment-level productivity and employment growth, framing our results in terms of canonical models of firm dynamics and suggesting empirically testable potential explanations.
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Citations
Cites
Entry, Exit, and firm Dynamics in Long Run Equilibrium
Hopenhayn, H. A. (1992) · Econometrica · doi:10.2307/2951541 · Cited by 2,857
Who Creates Jobs? Small versus Large versus Young
Haltiwanger, J., Jarmin, R. S., & Miranda, J. (2013) · Review of Economics and Statistics · doi:10.1162/rest_a_00288 · Cited by 1,936
Self-citationJob Turnover and Policy Evaluation: A General Equilibrium Analysis
Hopenhayn, H., & Rogerson, R. (1993) · Journal of Political Economy · doi:10.1086/261909 · Cited by 1,269
The Role of Entrepreneurship in US Job Creation and Economic Dynamism
Decker, R., Haltiwanger, J., Jarmin, R., & Miranda, J. (2014) · Journal of Economic Perspectives · doi:10.1257/jep.28.3.3 · Cited by 1,157
Self-citationThe Dynamics of Employment Growth: New Evidence from 18 Countries
(2014) · OECD Science, Technology and Industry Policy Papers · doi:10.1787/5jz417hj6hg6-en · Cited by 523
Labor market flows in the cross section and over time
Davis, S. J., Faberman, R. J., & Haltiwanger, J. (2012) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2011.10.001 · Cited by 266
Self-citationThe Cost of Recessions Revisited: A Reverse-Liquidationist View
Caballero, R. J., & Hammour, M. L. (2005) · The Review of Economic Studies · doi:10.1111/j.1467-937x.2005.00334.x · Cited by 163
The recent decline in employment dynamics
Hyatt, H. R., & Spletzer, J. R. (2013) · IZA Journal of Labor Economics · doi:10.1186/2193-8997-2-5 · Cited by 156
IZA Journal of Labor Economics
(2013) · IZA Journal of Labor Economics · doi:10.1007/40172.2193-8997 · Cited by 72
The labour supply effects of a partial cash-out of in-kind transfers to single mothers
Bingley, P., & Walker, I. (2013) · IZA Journal of Labor Economics · doi:10.1186/2193-8997-2-1 · Cited by 44
Cited by
Financial Frictions and the Great Productivity Slowdown
Duval, R., Hong, G. H., & Timmer, Y. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz063 · Cited by 180
Metadata
- Authors
- Decker, R. A., Haltiwanger, J., Jarmin, R. S., & Miranda, J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2016-05-01
- Volume
- 106
- Issue
- 5
- Pages
- 203-207
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2384573676
- Cited by
- 470
- References
- 11
- FWCI
- 160.57
- Type
- journal article
- Language
- en
- Open access
- closed
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