Entrepreneurship Dynamics in Australia: Lessons from Micro‐Data

27 Pages Posted: 22 Mar 2019

See all articles by Sasan Bakhtiari

Sasan Bakhtiari

Australian Department of Industry; Crawford School, ANU

Multiple version iconThere are 2 versions of this paper

Date Written: March 2019

Abstract

Using a large firm‐level dataset covering the years 2002–2015, I explore the dynamics of entrepreneurship in Australia and their evolution over time. Put briefly, the Australian entrepreneurial landscape has become less dynamic and more hazardous over the observed period. With time passing, relatively fewer entrepreneurs are entering the market, and those that enter are more likely to exit than their counterparts that entered in earlier years. In particular, there is a seemingly permanent increase in exit probability followed by a spike after the global financial crisis. Despite fewer firms entering, the share of young firms from job creation has been steadily high. I finish by offering a few thoughts to help understand these changes.

Suggested Citation

Bakhtiari, Sasan, Entrepreneurship Dynamics in Australia: Lessons from Micro‐Data (March 2019). Economic Record, Vol. 95, Issue 308, pp. 114-140, 2019. Available at SSRN: https://ssrn.com/abstract=3355924 or http://dx.doi.org/10.1111/1475-4932.12460

Sasan Bakhtiari (Contact Author)

Australian Department of Industry ( email )

341 George Street
Sydney, NSW 2000
Australia

HOME PAGE: http://sites.google.com/site/sasanbakhtiari

Crawford School, ANU ( email )

7 Liversidge Street
Lennox Crossing
Canberra, ACT 0200
Australia

HOME PAGE: http://sites.google.com/site/sasanbakhtiari

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