Detalle Publicación


Did US business dynamism recover in the 2010s?

Autores: Aguilera Bravo, Asier; Casares, M. (Autor de correspondencia); Khan, H.
Título de la revista: ECONOMICS LETTERS
ISSN: 0165-1765
Volumen: 211
Páginas: 110247
Fecha de publicación: 2022
We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the decline observed over previous decades. However, neither the job creation and destruction rates nor the reallocation rates show signs of recovery. These conflicting features are reconciled after we control for the changes in job size of business units. As a result, we conclude that business dynamism flattened at historically low levels during the 2010s.