Declining business dynamism: Structural and policy determinants
This paper analyses trends in business dynamism across 18 countries and 22 industries over the last two decades, using highly representative comparable data. It finds that declines in business dynamism, pervasive in many countries, are driven by dynamics occurring at a disaggregated sectoral level,...
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2020
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| Schriftenreihe: | OECD Science, Technology and Industry Policy Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper analyses trends in business dynamism across 18 countries and 22 industries over the last two decades, using highly representative comparable data. It finds that declines in business dynamism, pervasive in many countries, are driven by dynamics occurring at a disaggregated sectoral level, rather than reallocation across sectors. Average trends within sectors point to steady declines in each country over the last two decades, even after accounting for the role of the business cycle, with market structure and firm heterogeneity emerging as prominent determinants. Investments in intangibles and digital technologies, globalisation, and changes in demographics also contribute to these trends. Policy can, however, help boost business dynamism by reducing barriers to entry and to knowledge diffusion, favouring experimentation and creative destruction, and increasing absorptive capacity and firms' potential to benefit from technological change |
| Beschreibung: | 1 Online-Ressource (76 Seiten) |
| DOI: | 10.1787/77b92072-en |
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| spelling | Calvino, Flavio Verfasser aut Declining business dynamism Structural and policy determinants Flavio Calvino, Chiara Criscuolo and Rudy Verlhac Paris OECD Publishing 2020 1 Online-Ressource (76 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Science, Technology and Industry Policy Papers This paper analyses trends in business dynamism across 18 countries and 22 industries over the last two decades, using highly representative comparable data. It finds that declines in business dynamism, pervasive in many countries, are driven by dynamics occurring at a disaggregated sectoral level, rather than reallocation across sectors. Average trends within sectors point to steady declines in each country over the last two decades, even after accounting for the role of the business cycle, with market structure and firm heterogeneity emerging as prominent determinants. Investments in intangibles and digital technologies, globalisation, and changes in demographics also contribute to these trends. Policy can, however, help boost business dynamism by reducing barriers to entry and to knowledge diffusion, favouring experimentation and creative destruction, and increasing absorptive capacity and firms' potential to benefit from technological change Employment Science and Technology Industry and Services Criscuolo, Chiara ctb Verlhac, Rudy ctb https://doi.org/10.1787/77b92072-en Verlag kostenfrei Volltext |
| spellingShingle | Calvino, Flavio Declining business dynamism Structural and policy determinants Employment Science and Technology Industry and Services |
| title | Declining business dynamism Structural and policy determinants |
| title_auth | Declining business dynamism Structural and policy determinants |
| title_exact_search | Declining business dynamism Structural and policy determinants |
| title_exact_search_txtP | Declining business dynamism Structural and policy determinants |
| title_full | Declining business dynamism Structural and policy determinants Flavio Calvino, Chiara Criscuolo and Rudy Verlhac |
| title_fullStr | Declining business dynamism Structural and policy determinants Flavio Calvino, Chiara Criscuolo and Rudy Verlhac |
| title_full_unstemmed | Declining business dynamism Structural and policy determinants Flavio Calvino, Chiara Criscuolo and Rudy Verlhac |
| title_short | Declining business dynamism |
| title_sort | declining business dynamism structural and policy determinants |
| title_sub | Structural and policy determinants |
| topic | Employment Science and Technology Industry and Services |
| topic_facet | Employment Science and Technology Industry and Services |
| url | https://doi.org/10.1787/77b92072-en |
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