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New small firms and dimensions of economic performance

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  • Shaffer , Sherrill

    ()
    (University of Wyoming and Centre for Applied Macroeconomi Analysis, Australian National University)

  • Hasan , Iftekhar

    ()
    (Lally School of Management, Rensselaer Polytechnic Institute and Bank of Finland)

  • Zhou, Mingming

    ()
    (University of Alaska at Fairbanks)

Abstract

Using data from US labour market areas, we quantify empirical associations between entry by small firms and a vector of economic performance measures encompassing levels, volatilities and growth rates of several income and employment variables. Distinct and robust associations are found for net and gross rates of entry. These results suggest a richer variety of effects of entry than previously documented, and point to several potential tradeoffs associated with entry by small firms.

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Bibliographic Info

Paper provided by Bank of Finland in its series Research Discussion Papers with number 4/2009.

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Length: 35 pages
Date of creation: 21 Jan 2009
Date of revision:
Handle: RePEc:hhs:bofrdp:2009_004

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Postal: Bank of Finland, P.O. Box 160, FI-00101 Helsinki, Finland
Web page: http://www.suomenpankki.fi/en/
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Keywords: growth; stability; employment; entry;

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