Product- and Geographic Boundary Dynamics under Foreign Competition Pressure -- Vertical Boundary Dynamics under Foreign Competition Pressure -- Product-, Geographic-, and Vertical Boundary Dynamics, and their Inter-Relationships under Foreign Competition Pressure -- Conclusion and Implications...

In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...