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http://ssrn.com/abstract=985999
 
 

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Understanding Business Dynamics: An Integrated Data System for America's Future


Steven J. Davis


University of Chicago; National Bureau of Economic Research (NBER)

Lisa M. Lynch


Tufts University - The Fletcher School of Law and Diplomacy; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)

John Haltiwanger


University of Maryland - Department of Economics; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)

John M. Abowd


Cornell University Department of Economics; Labor Dynamics Institute; School of Industrial and Labor Relations; National Bureau of Economic Research (NBER); CREST; Institute for the Study of Labor (IZA)

Patricia M. Anderson


Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER)

Matthew Barnes


Towers Watson

Timothy Dunne


Federal Reserve Bank of Cleveland

Robert M. Groves


University of Michigan at Ann Arbor

Susan Hanson


Clark University - Department of Geography

Robert H. McGuckin


The Conference Board (U.S.)

Paul D. Reynolds


Florida International University, Eugenio Pino & Family Global Entrepreneurship Center

Mark J. Roberts


Pennsylvania State University - College of the Liberal Arts - Department of Economics; National Bureau of Economic Research (NBER)

Niels Westergaard-Nielsen


Copenhagen Business School; Institute for the Study of Labor (IZA)

Kirk M. Wolter


University of Chicago - National Opinion Research Center (NORC)



Abstract:     
The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees. Understanding Business Dynamics presents strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics, as well as in microlevel analyses of topics ranging from job creation and destruction and firm entry and exit to innovation and productivity. This book offers recommendations that could be enacted by federal statistical agencies to modernize the measurement of business dynamics, particularly the production of information on small and young firms that can have a proportionately large impact in rapidly expanding economic sectors. It also outlines the need for effective coordination of existing survey and administrative data sources, which is essential to improving the depth and coverage of business data.

Number of Pages in PDF File: 25

Keywords: young firms, entrepreneurship, business dynamics, innovation, globalization, entry, exit

JEL Classification: M13, L11, L16

working papers series


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Date posted: May 14, 2007  

Suggested Citation

Davis, Steven J. and Lynch, Lisa M. and Haltiwanger, John and Abowd, John M. and Anderson, Patricia M. and Barnes, Matthew and Dunne, Timothy and Groves, Robert M. and Hanson, Susan and McGuckin, Robert H. and Reynolds, Paul D. and Roberts, Mark J. and Westergaard-Nielsen, Niels and Wolter, Kirk M., Understanding Business Dynamics: An Integrated Data System for America's Future. Available at SSRN: http://ssrn.com/abstract=985999 or http://dx.doi.org/10.2139/ssrn.985999

Contact Information

Steven J. Davis
University of Chicago ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-7312 (Phone)
773-702-0458 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Lisa M. Lynch
Tufts University - The Fletcher School of Law and Diplomacy ( email )
Cabot 602
Medford, MA 02155
United States
617-627-5451 (Phone)
617-627-3712 (Fax)
HOME PAGE: http://fletcher.tufts.edu/staff/llynch/Default.htm
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
John C. Haltiwanger (Contact Author)
University of Maryland - Department of Economics ( email )
College Park, MD 20742
United States
301-405-3504 (Phone)
301-405-3542 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany
John Maron Abowd
Cornell University Department of Economics ( email )
261 Ives Hall
Ithaca, NY 14853-3901
United States
Labor Dynamics Institute ( email ) ( email )
Ithaca, NY 14853-3901
United States
HOME PAGE: http://www.ilr.cornell.edu/LDI/
School of Industrial and Labor Relations ( email ) ( email )
Ithaca, NY 14853-3901
United States
HOME PAGE: http://www.ilr.cornell.edu/LDI/
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
607-255-8024 (Phone)
607-255-4496 (Fax)
CREST ( email )
92245 Malakoff Cedex
France
HOME PAGE: http://www.crest.fr/
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Patricia M. Anderson
Dartmouth College - Department of Economics ( email )
Hanover, NH 03755
United States
603-646-2532 (Phone)
603-646-2122 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Matthew Barnes
Towers Watson ( email )
875 Third Avenue
New York, NY 10022
United States
Timothy Dunne
Federal Reserve Bank of Cleveland ( email )
PO Box 6387
Cleveland, OH 44101-1387
United States
Robert M. Groves
University of Michigan at Ann Arbor ( email )
701 Tappan St. Rm E2600
Ann Arbor, MI 48109
United States
Susan Hanson
Clark University - Department of Geography ( email )
950 Main Street
Worcester, MA 01610
United States
508-793-7323 (Phone)
Robert H. McGuckin
The Conference Board (U.S.) ( email )
845 Third Avenue
New York, NY 10022
United States
212-339-0303 (Phone)
212-836-9721 (Fax)
Paul D. Reynolds
Florida International University, Eugenio Pino & Family Global Entrepreneurship Center ( email )
University Park
11200 SW 8th Street
Miami, FL 33199
United States
Mark J. Roberts
Pennsylvania State University - College of the Liberal Arts - Department of Economics ( email )
513 Kern Graduate Building
University Park, PA 16802-3306
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Niels Westergaard-Nielsen
Copenhagen Business School ( email )
Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Kirk M. Wolter
University of Chicago - National Opinion Research Center (NORC) ( email )
55 E. Monroe, Ste. 4800
Chicago, IL 60603
United States
(312) 759-4086 (Phone)
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