Firm age, investment opportunities, and job creation

Manuel Adelino, Song Ma, David Robinson 12 February 2014

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Economists have long been concerned with understanding how firms respond to changing investment opportunities. Indeed, this question is central to ongoing policy discussions about economic growth and job creation, since the way firms create jobs is by increasing investment and employment in response to new economic opportunities. The startup process and economic growth are deeply interconnected – over the last 30 years, young firms were responsible for almost all net job creation in the economy (Haltiwanger et al. 2009, 2013, Stangler and Litan 2009).

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Topics:  Financial markets Labour markets Productivity and Innovation

Tags:  employment, US, growth, entrepreneurship, job creation, firm age

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