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“The Report of My Death was an Exaggeration”: Business Dynamism in the United States

Author

Listed:
  • Mayo John W.

    (Georgetown University, Washington, DC, USA)

  • Otgon Tsolmon

    (Georgetown University, Washington, DC, USA)

  • Press Robert

    (Georgetown University, Washington, DC, USA)

Abstract

The specific ways in which new businesses create jobs, stimulate productivity and enhance economic growth are complex. Amidst this complexity, a narrative has emerged that business dynamism has suffered a secular decline in recent decades that has continued to today. Our analysis, however, reveals that the so-called “secular trend” is more of a mechanical artifact than an indication of reduced entrepreneurial propensities to enter markets. Moreover, recent data indicate that both gross and net new establishment formation has been at historically unprecedented high levels.

Suggested Citation

  • Mayo John W. & Otgon Tsolmon & Press Robert, 2025. "“The Report of My Death was an Exaggeration”: Business Dynamism in the United States," The Economists' Voice, De Gruyter, vol. 22(1), pages 107-113.
    • Handle: RePEc:bpj:evoice:v:22:y:2025:i:1:p:107-113:n:1002
    DOI: 10.1515/ev-2024-0068
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    More about this item

    Keywords

    business dynamism; firm entry; establishment entry;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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