Casares Polo, Miguel

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https://academica-e.unavarra.es/handle/2454/48813

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Casares Polo

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Miguel

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Economía

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INARBE. Institute for Advanced Research in Business and Economics

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0000-0002-3672-4196

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88580

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2468

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2016 - 201912020 - 20222
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Author: Casares Polo, Miguel × Subject: Business dynamism ×

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Now showing 1 - 3 of 3
  • Thumbnail Image
    PublicationOpen Access
    Business dynamism and economic growth: U.S. regional evidence
    (2016) Casares Polo, Miguel; Khan, Hashmat; Economía; Ekonomia
    We document empirical evidence on the determinants of U.S. regional growth over the last 25 years, with a special attention to the role of entrepreneurial activity or `business dynamism'. The main data source is the Business Dynamics Statistics (BDS) released by the U.S. Census Bureau. The key findings are: i) business entry and exit rates are similarly distributed across states, ii) neither entry nor exit rates have had a significant impact on regional growth, iii) higher business density results in faster regional growth, iv) entry rates have fallen over time and the states with greater business detrending have had weaker economic growth, v) states where entry and exit show substantial comovement (business churning) tend to grow faster, especially after 2007, vi) state-level population growth has no substantial effect on regional growth, and vii) the convergence hypothesis holds across the states of the U.S.
  • Thumbnail Image
    PublicationOpen Access
    Did US business dynamism recover in the 2010s?
    (2021) Aguilera Bravo, Asier; Casares Polo, Miguel; Khan, Hashmat; Ekonomia; Institute for Advanced Research in Business and Economics - INARBE; Economía
    We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the secular decline observed over previous decades. However, the job-size of new businesses relative to incumbents has decreased substantially. Controlling for these opposite trends reveals that the size-adjusted entry rate continues to decline.
  • Thumbnail Image
    PublicationOpen Access
    Did US business dynamism recover in the 2010s?
    (Elsevier, 2022) Aguilera Bravo, Asier; Casares Polo, Miguel; Khan, Hashmat; Ekonomia; Institute for Advanced Research in Business and Economics - INARBE; Economía
    We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the decline observed over previous decades. However, neither the job creation and destruction rates nor the reallocation rates show signs of recovery. These conflicting features are reconciled after we control for the changes in job size of business units. As a result, we conclude that business dynamism flattened at historically low levels during the 2010s.