The State of American Entrepreneurship: New Estimates of the Quantity and Quality of Entrepreneurship for 32 US States, 1988–2014
By Jorge Guzmán, Scott Stern. American Economic Journal: Economic Policy, 2020
145 citations recorded by the source corpus.
Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality of new ventures. Combining comprehensive business registries and predictive analytics, we present estimates of entrepreneurial quantity and quality from 1988 to 2014. Rather than a secular pattern of declining business dynamism, our quality-adjusted measures follow a cyclical pattern sensitive to economic and capital market conditions. Consistent with the role of investment cycles as a driver of high-growth entrepreneurship, our results highlight the role of economic and institutional conditions as a driver of both initial entrepreneurial quality and the scaling of new ventures over time. (JEL G24, G32, L25, L26, M13)
Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation
View Paper: https://www.semanticscholar.org/paper/b67eba336bc351e9d66a84b0bf556793c8180a25
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In Accounting
- E. Stam
- E. Malecki
- Andrew H. Van de Ven
- David B. Audretsch
- M. Obschonka
- Roy Thurik
- Maksim Belitski
- Ross Brown
In Economics and Econometrics
- E. Stam
- E. Malecki
- Andrew H. Van de Ven
- M. Obschonka
- David B. Audretsch
- Robert Huggins
- M. Vivarelli
- Maksim Belitski
In Management of Technology and Innovation
- E. Stam
- E. Malecki
- Andrew H. Van de Ven
- M. Obschonka
- David B. Audretsch
- M. Vivarelli
- Roy Thurik
- David Urbano
Citations in the corpus
- Entrepreneurship and entrepreneurial ecosystems (2018, background): “Guzman and Stern (2016) present a metric for assessing the general quality of entrepreneurial ecosystems at the national and zip code scale for the US.”
- Entrepreneurial ecosystem elements (2019, methodology): “To capture both output and outcome, we use the concept of productive entrepreneurship (see Stam 2015; Stam and Spigel 2018), which is related to the (temporally preceding) concept of ambitious entrepreneurship (Stam et al. 2011), and indicates high-quality entrepreneurship (Guzman and Stern 2016).”
- Artificial intelligence and big data in entrepreneurship: a new era has begun (2019, background): “1) New big data-based metrics of entrepreneurial activity and quality (Guzman and Stern 2016).”