entry rate, firm focus, firm growth, industry growth and innovation. We also obtain some counter-intuitive results such that …

Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth …, and that the magnitude of the effect is important enough to explain at least partly why British growth during the period …

growth stocks, and the failure of the capital asset pricing model to explain these expected returns. To model the difference … between value and growth stocks, we introduce a cross-section of long-lived firms distinguished by the timing of their cash …, but that shocks to the time-varying price of risk are not. As long-horizon equity, growth stocks co-vary more with this …

been conducive to economic growth and job creation. Our empirical analysis links the stage of the transition towards an … entrepreneurial economy to the growth rates of European countries over a recent period. We find that those countries that have … introduced a greater element of entrepreneurship have been rewarded with additional growth. …

-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since …-differenced GMM in our estimation of an empirical growth model. …

This paper is a reflective survey of past and recent econometric work on the growth of firms. Most of this work … suggests that firm size follows a random walk; i.e. that corporate growth rates are random. The survey documents this, and … used to explain corporate growth rates but which are basically inconsistent with the data. The survey also discusses …

's growth, on human capital accumulation, and on welfare, along the transition path. We introduce symmetric productivity shocks … identify configurations of disturbances and other parameters for which a countercyclical policy maximizes growth and welfare. …