This paper presents a shift-share decomposition analysis of new firm formation at the three-digit NAICS level in the United States from 1998 to 2003, attributing overall new firm creation, in construction, manufacturing, and service sectors respectively, to three distinct sources, i.e., business...

This paper documents, at business cycle frequencies, the sequential pattern of firm births and deaths and the aggregate economic condition in the US. On the aggregate level, firm formation leads economic conditions and positively affects subsequent firm deaths, suggesting that startups have a...