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Firm entry and macroeconomic dynamics : a state-level analysis

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Using an annual panel of US states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real GDP, productivity, and population. This...

Persistent link: https://www.econbiz.de/10011500393