Business Dynamics Statistics of High Tech Industries

59 Pages Posted: 13 Dec 2016

See all articles by Nathan Goldschlag

Nathan Goldschlag

Center for Economic Studies, U.S. Census Bureau

Javier Miranda

US Census Bureau — Economy-Wide Statistics Division

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Date Written: December 1, 2016

Abstract

Modern market economies are characterized by the reallocation of resources from less productive, less valuable activities to more productive, more valuable ones. Businesses in the High Technology sector play a particularly important role in this reallocation by introducing new products and services that impact the entire economy. Tracking the performance of this sector is therefore of primary importance, especially in light of recent evidence that suggests a slowdown in business dynamism in High Tech industries. The Census Bureau produces the Business Dynamics Statistics (BDS), a suite of data products that track job creation, job destruction, startups, and exits by firm and establishment characteristics including sector, firm age, and firm size. In this paper we describe the methodologies used to produce a new extension to the BDS focused on businesses in High Technology industries.

Suggested Citation

Goldschlag, Nathan and Miranda, Javier, Business Dynamics Statistics of High Tech Industries (December 1, 2016). US Census Bureau Center for Economic Studies Paper No. CES-WP- 16-55, Available at SSRN: https://ssrn.com/abstract=2884192 or http://dx.doi.org/10.2139/ssrn.2884192

Nathan Goldschlag (Contact Author)

Center for Economic Studies, U.S. Census Bureau ( email )

4600 Silver Hill Road
Washington, DC 20233-9100
United States

Javier Miranda

US Census Bureau — Economy-Wide Statistics Division ( email )

Washington, DC
United States

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