In the US, large firms now account for a greater share of economic activity, new firms are
being created at slower rates, and workers are receiving a smaller share of GDP. Changes …

We propose a simple explanation for the long-run decline in the US start-up rate. It
originates from a slowdown in labor supply growth since the late 1970s, largely …

The entry rate of US employer businesses has declined for more than 30 years. We use a
novel dynamic decomposition framework to show that regardless of its causes, the direct …

Purpose The purpose of this paper is to investigate the impact of a prolonged economic
recession on the entrepreneurial intentions of young people (university students) …

In this work we develop an agent-based model where hysteresis in major macroeconomic
variables (eg, gross domestic product, productivity, unemployment) emerges out of the …

Using an annual panel of US 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 …

We use detailed product-and firm-level data to study the sources of innovation and the
patterns of productivity growth over the period from 2007 to 2013. We document several new …

Entrepreneurship in advanced economies is in decline. Instead of becoming
'entrepreneurial', as was anticipated in the 1990s, today, these economies are better …

In this work we discuss the research findings from the labour-augmented Schumpeter
meeting Keynes (K+ S) agent-based model. It comprises comparative dynamics experiments …

This paper presents new evidence suggesting that the aggregate conditions faced by
businesses in the year of birth affect their performance over the entire life cycle. Using a …