Firm Entry and Macroeconomic Dynamics : A State-Level Analysis

Using an annual panel of U.S. 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 gross domestic product, productivity and population. This is consistent with simple models of firm dynamics where a “missing generation” of firms affects productivity persistently

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Year of publication:	2016
Authors:	Gourio, François
Other Persons:	Messer, Todd (contributor) ; Siemer, Michael (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Wirkungsanalyse \| Impact assessment \| Markteintritt \| Market entry \| Schock \| Shock

Extent:	1 Online-Ressource (14 p)
Series:	FRB of Chicago Working Paper ; No. WP-2016-1
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2016-01-31 erstellt
Classification:	E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; L1 - Market Structure, Firm Strategy, and Market Performance ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012998553