Scandinavian Working Papers in Economics
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Bank of Finland Research Discussion Papers, Bank of Finland

No 4/2009:
New small firms and dimensions of economic performance

Sherrill Shaffer (), Iftekhar Hasan () and Mingming Zhou ()

Abstract: Using data from US labour market areas, we quantify empirical associations between entry by small firms and a vector of economic performance measures encompassing levels, volatilities and growth rates of several income and employment variables. Distinct and robust associations are found for net and gross rates of entry. These results suggest a richer variety of effects of entry than previously documented, and point to several potential tradeoffs associated with entry by small firms.

Keywords: growth; stability; employment; entry; (follow links to similar papers)

JEL-Codes: J23; M13; O10; (follow links to similar papers)

35 pages, January 21, 2009

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This paper is published as:
Shaffer, Sherrill, Iftekhar Hasan and Mingming Zhou, (2015), 'New small firms and dimensions of economic performance', Economic Development Quarterly, Vol. 29, February, No. 1, pages 65-78

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