What is the Economic Impact of the Slowdown in New Business Formation

Francois Gourio, Todd Messer, Michael Siemer Federal Reserve Bank of Chicago April 21, 2020

Summary

This article examines the slowdown of new business formation and it's economic impact. The authors believe the engine of growth lies in the opening of new firms rather than in creative destruction and reorganizing.

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Tags

Business Development Business Development / Business Education Community Development / Community Economic Development