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From Population Growth to Firm Demographics : Implications for Concentration, Entrepreneurship and the Labor Share
Hopenhayn, Hugo A. - 2018
The US economy has undergone a number of puzzling changes in recent decades. Large firms now account for a greater share of economic activity, new firms are being created at a slower rate, and workers are getting paid a smaller share of GDP. This paper shows that changes in population growth...
Persistent link: https://www.econbiz.de/10012906315
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What is a Patent Worth? Evidence from the U.S. Patent “Lottery”
Farre-Mensa, Joan - 2017
We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that startups that win...
Persistent link: https://www.econbiz.de/10012960171
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Big Business Stability and Economic Growth : Is What's Good for General Motors Good for America?
Fogel, Kathy - 2013
What is good for big business need not generally advance a country%u2019s overall economy. Big business turnover correlates with rising income, productivity, and (in high income countries) faster capital accumulation; consistent with Schumpeter%u2019s (1912) creative destruction and recent...
Persistent link: https://www.econbiz.de/10012754160
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Tax Policy, Venture Capital, and Entrepreneurship
Keuschnigg, Christian - 2006
an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …
Persistent link: https://www.econbiz.de/10012783952
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The Consequences of Entrepreneurial Finance : A Regression Discontinuity Analysis
Kerr, William - 2014
This paper documents the role of angel funding for the growth, survival, and access to follow-on funding of high-growth start-up firms. We use a regression discontinuity approach to control for unobserved heterogeneity between firms that obtain funding and those that do not. This technique...
Persistent link: https://www.econbiz.de/10013070159
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Serial Entrepreneurship : Learning by Doing?
Lafontaine, Francine - 2014
in operation. The data show that serial entrepreneurship is relatively uncommon in retail trade. Of the almost 2 …
Persistent link: https://www.econbiz.de/10013050291
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The State of American Entrepreneurship : New Estimates of the Quality and Quantity of Entrepreneurship for 32 Us States, 1988-2014
Guzman, Jorge - 2016
Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality …-adjusted measures follow a cyclical pattern sensitive to economic and capital market conditions. Consistent with the role of investment … cycles as a driver of high-growth entrepreneurship, our results highlight the role of economic and institutional conditions …
Persistent link: https://www.econbiz.de/10012996381
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Nowcasting and Placecasting Entrepreneurial Quality and Performance
Guzman, Jorge - 2015
A central challenge in the measurement of entrepreneurship is accounting for the wide variation in entrepreneurial … quality distribution. Second, we propose two new economic statistics for the measurement of entrepreneurship: the … Entrepreneurship Quality Index (EQI) and the Regional Entrepreneurship Cohort Potential Index (RECPI). We use these indices to offer a …
Persistent link: https://www.econbiz.de/10013028060
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Economics and Politics of Alternative Institutional Reforms
Caselli, Francesco - 2010
firms (entrepreneurship) and the average quality of management (meritocracy). Legal reform also reduces financial … improve meritocracy at the expense of entrepreneurship. As a result, legal reform encounters less political opposition than …
Persistent link: https://www.econbiz.de/10012760453
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The U.S. Left Behind : The Rise of IPO Activity Around the World
Doidge, Craig - 2011
During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO activity, attributed to better institutions and governance, used to be a strength of the U.S., it no longer is. IPO activity in the U.S. has fallen compared to the rest of the world...
Persistent link: https://www.econbiz.de/10013127767