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Measuring Entrepreneurial Businesses

Current Knowledge and Challenges

Start-ups and other entrepreneurial ventures make a significant contribution to the US economy, particularly in the tech sector, where they comprise some of the largest and most influential companies. Yet for every high-profile, high-growth company like Apple, Facebook, Microsoft, and Google, many more fail. This enormous heterogeneity poses conceptual and measurement challenges for economists concerned with understanding their precise impact on economic growth.
Measuring Entrepreneurial Businesses brings together economists and data analysts to discuss the most recent research covering three broad themes. The first chapters isolate high- and low-performing entrepreneurial ventures and analyze their roles in creating jobs and driving innovation and productivity. The next chapters turn the focus on specific challenges entrepreneurs face and how they have varied over time, including over business cycles. The final chapters explore core measurement issues, with a focus on new data projects under development that may improve our understanding of this dynamic part of the economy.


"The volume editors and coauthors demonstrate the necessity of taking heterogeneity into account in order to understand entrepreneurship, and they showcase a wide range of relevant data, including data from national statistical agencies, administrative data sources, private sources, and linked multi-source data. . . . Collectively, the chapters in the book offer a deeper look at entrepreneurship as well as inspiration for future researchers grappling with the trade-offs of measurement."

Industrial and Labor Relations Review

Table of Contents

Prefatory Note
John Haltiwanger, Erik G. Hurst, Javier Miranda, and Antoinette Schoar
I. Entrepreneurial Heterogeneity
1. High-Growth Young Firms: Contribution to Job, Output, and Productivity Growth
John Haltiwanger, Ron S Jarmin, Robert Kulick, and Javier Miranda
2. Nowcasting and Placecasting Entrepreneurial Quality and Performance
Jorge Guzman and Scott Stern
3. Wealth, Tastes, and Entrepreneurial Choice
Erik G. Hurst and Benjamin W. Pugsley
4. Are Founder CEOs Good Managers?
Victor Manuel Bennett, Megan Lawrence, and Raffaella Sadun
5. Immigrant Entrepreneurship
Sari Pekkala Kerr and William R. Kerr
II. Challenges Facing Entrepreneurs: Finance and Business Conditions
6. How Did Young Firms Fare during the Great Recession? Evidence from the Kauffman Firm Survey
Rebecca Zarutskie and Tiantian Yang
7. Small Businesses and Small Business Finance during the Financial Crisis and the Great Recession: New Evidence from the Survey of Consumer Finances
Arthur B. Kennickell, Myron L. Kwast, and Jonathan Pogach
8. Does Unemployment Insurance Change the Selection into Entrepreneurship?
Johan Hombert, Antoinette Schoar, David Sraer, and David Thesmar
9. Job Creation, Small versus Large versus Young, and the SBA
J. David Brown, John S. Earle, and Yana Morgulis
III. Data Gaps and Promising Avenues for the Future
10. Venture Capital Data: Opportunities and Challenges
Steven N. Kaplan and Josh Lerner
11. The Promise and Potential of Linked Employer-Employee Data for Entrepreneurship Research
Christopher Goetz, Henry Hyatt, Erika McEntarfer, and Kristin Sandusky
Author Index
Subject Index

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