Business Dynamics Statistics of High Tech Industries

28 Pages Posted: 28 May 2020

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: Spring 2020

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 Tech sector play a particularly important role in this reallocation by introducing new products and services that impact the entire economy. In this paper we describe an extension to the Census Bureau's Business Dynamics Statistics that tracks job creation, job destruction, startups, and exits by firm and establishment characteristics, including sector, firm age, and firm size in the High Tech sector. We preview the resulting statistics, showing the structural shifts in the High Tech sector over the past 30 years, including the surge of entry and young firm activity in the 1990s that reversed abruptly in the early‐2000s.

Keywords: employment flows, firm dynamics, High Tech, startups

Suggested Citation

Goldschlag, Nathan and Miranda, Javier, Business Dynamics Statistics of High Tech Industries (Spring 2020). Journal of Economics & Management Strategy, Vol. 29, Issue 1, pp. 3-30, 2020, Available at SSRN: https://ssrn.com/abstract=3607417 or http://dx.doi.org/10.1111/jems.12334

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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