Cerdeiro, Diego A.; Ruane, Cian - 2022
's business dynamism. We show that (i) the revenue share of young firms has declined, (ii) the life-cycle growth of young firms … gaps between SOEs and private firms persist. We find that business dynamism is weaker in provinces where SOEs account for a … larger share of the capital stock. Our results suggest that declining private business dynamism is an important factor in …