Replication data for: Firm Entry and Macroeconomic Dynamics: A State-Level Analysis

Principal Investigator(s): View help for Principal Investigator(s) François Gourio; Todd Messer; Michael Siemer

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Project Citation:

Gourio, François, Messer, Todd, and Siemer, Michael. Replication data for: Firm Entry and Macroeconomic Dynamics: A State-Level Analysis. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113458V1

Project Description

Summary: Using an annual panel of US states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real GDP, productivity, and population. This is consistent with simple models of firm dynamics where a "missing generation" of firms affects productivity persistently.

Scope of Project

JEL Classification:
      D22 Firm Behavior: Empirical Analysis
      E23 Macroeconomics: Production
      E32 Business Fluctuations; Cycles
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms
      L26 Entrepreneurship
      M13 New Firms; Startups

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V1 [2019-10-12]

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