Since well before the crisis, many OECD economies have been confronted with sluggish productivity growth. In the aftermath of the crisis, job creation has also stalled and has become an important policy issue. Business dynamics are at the core of the creative destruction process.
DynEmp: New cross-country evidence on the role of young firms in job creation, growth, and innovation
Chiara Criscuolo, Peter N. Gal, Carlo Menon, 26 May 2014
Firm age, investment opportunities, and job creation
Manuel Adelino, Song Ma, David Robinson, 12 February 2014
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.
Who creates jobs?
Ejaz Ghani, William Kerr, Stephen D O'Connell, 4 December 2011
The role of entrepreneurs in job creation has a long intellectual tradition (Cantillion 1730, Knight 1921, Schumpeter 1942). While the great economic minds throughout history recognised the link between entrepreneurship, regional development, and job creation, controversies remain.
Does fiscal policy matter? Is there a better way to reduce unemployment?
Roger E. A. Farmer , Dmitry Plotnikov, 5 September 2011
Economic theories that lack an independent role for business and consumer confidence have difficulty explaining the cause of financial crises like the Great Depression or the Great Recession (e.g.
German recovery – it’s the supply-side but not government labour market and welfare state reforms
Wendy Carlin, David Soskice, 14 August 2007
There is no consensus about the roots of the current German economic recovery. By contrast, two years ago in July 2005, there was unanimity amongst over 240 leading German academic economists who were signatories of a diagnosis and policy prescription. The state of the German economy was characterised as a deep, structural crisis and the demand was for drastic and painful reforms.
German recovery: it’s the supply side
Michael Burda, 23 July 2007
After almost a decade of slump, the German economy is finally growing again. Between 1995 and 2005, annual real growth averaged a meagre 1.4%, compared with 3.2% in the US, 2.9% in the UK, 2.1% in France and Denmark and 2.7% in the Netherlands.
- Secular stagnation: Facts, causes, and cures – a new Vox eBookTeulings, Baldwin
- Can large primary surpluses solve Europe’s debt problem?Eichengreen, Panizza
- The unrecognised benefits of grade inflationBoleslavsky, Cotton
- The US manufacturing base is surprisingly strongMoran, Oldenski
- Long-term damage of the US court’s Argentinian debt rulingFrankel
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman