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...

Empirical studies on industrial location do not typically distinguish between new and relocated establishments, which may result in biased estimates and thus misleading policy implications. This paper addresses this shortcoming using data on the frequency of these events in the municipalities of...