Bijnens, Gert and Konings, Jozef ORCID: 0000-0003-1280-4674
(2018)
Declining Business Dynamism in Belgium.
Small Business Economics, 54 (4).
pp. 1201-1239.
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Abstract
Using 30 years of data from all for-profit firms incorporated in Belgium, we show that business dynamism and entrepreneurship have been declining over recent decades. This decline set in around the year 2000 following a decade of declining start-up rates. We also observe a decreasing share of young firms that become high-growth firms and more importantly a declining propensity for small (not necessarily young) firms to experience fast growth. Interestingly, a similar decline in business dynamism occurred in the USA, where firms face a far less rigid institutional environment than in Belgium. These remarkable similarities suggest that global trends rather than country-specific changes are at the basis of this evolution. We show evidence that points to the role of ICT intensity in explaining the secular decline in business dynamism.
Item Type: | Article |
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Uncontrolled Keywords: | Business dynamism, Firm dynamics, Firm growth, Entry, Reallocation, High-growth firms, High-impact firms |
Depositing User: | Symplectic Admin |
Date Deposited: | 14 Nov 2018 08:41 |
Last Modified: | 19 Jan 2023 01:12 |
DOI: | 10.1007/s11187-018-0123-4 |
Related URLs: | |
URI: | https://livrepository.liverpool.ac.uk/id/eprint/3028795 |