Who Creates Jobs? Small vs. Large vs. Young

Abstract

helpful comments. We thank the Kauffman Foundation for financial support. Any opinions and conclusions expressed herein are those of the author(s) and do not necessarily represent the views of the U.S. Census Bureau or the National Bureau of Economic Research. All results have been reviewed to ensure that no confidential information is disclosed. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Clusters and entrepreneurship

“…Over time, an extensive literature has also incorporated additional agglomeration drivers, including local demand characteristics, specialized institutions and the structure of regional business and social networks (Porter, 1990(Porter, , 1998a(Porter, , 2000Saxenian, 1994;Markusen, 1996). While most empirical studies of agglomeration focus on variables such as the overall employment growth, an emerging literature emphasizes the role of new businesses in regional economic growth (Feldman et al, 2005;Acs and Armington, 2006;Haltiwanger et al, 2009;). …”

“…Large variations in regional employment growth and in the rate of new firm creation are a striking feature of the US economy (Armington and Acs, 2002;Porter, 2003). While a significant body of work explores why some regions experience more rapid growth than others (Porter, 1990(Porter, , 1998aSaxenian, 1994;Glaeser et al, 1992;Barro and Sala-i-Martin, 1995;Fujita, Venables, and Krugman, 1999), there is increasing academic and policy interest in the particular role in growth played by entrepreneurship (Davis et al, 1996;Haltiwanger, et al, 2009). A significant debate is underway regarding the role of the regional economic environment in shaping differences in the rate of regional entrepreneurship and overall economic performance (Porter, 1990(Porter, , 1998aSaxenian, 1994;Feldman, 2001;).…”

The New Imperative of Innovation: Policy Perspectives for Latin America and the Caribbean

“…In addition, recent research has shown that fast growing firms could have a significant impact in terms not only of productivity and innovation (Haltiwanger, Jarmin, and Miranda, 2013;Kane, 2010;Acs and Audretsch, 1989;Audretsch and Keilbach, 2003;Holtz-Eakin and Kao, 2003), but also in terms of job creation, since evidence indicates that small and young firms may contribute to job growth more than established, older, larger firms (Haltiwanger, Jarmin, and Miranda, 2013;Criscuolo, Gal, and Menon, 2014). The latest developments in ICT have made these issues more prominent than ever for decision-makers.…”

Privacy in Statistical Databases

“…With the exception of the recently-released Synthetic LBD [3,13], there are no public-use micro-data for these establishment-based products. Yet, they form the core of the modern industrial organization studies [7,16] as well as modern gross job creation and destruction in macroeconomics [6,9].…”