publication . Article . Other literature type . 2014

the shifting source of new business establishments and new jobs

Hathaway, Ian; Schweitzer, Mark E.; Shane, Scott;
Open Access
  • Published: 21 Aug 2014 Journal: Economic Commentary (Federal Reserve Bank of Cleveland) (issn: 0428-1276, eissn: 2163-3738, Copyright policy)
  • Publisher: Federal Reserve Bank of Cleveland
Abstract
<jats:p>As markets and business patterns change, new business establishments are created to serve them. Those new establishments can be provided by entrepreneurs creating new firms or by the owners of existing businesses opening new locations. We show that over the past three decades, new establishments have increasingly been provided by existing businesses opening new locations. Those new locations have created jobs at a higher rate than brand-new firms, which helps to boost job creation. Looking at both forms of new establishments shows that job creation is down following the recession, but new locations were growing entering the recession and should be a crit...
Subjects
ACM Computing Classification System: ComputingMilieux_THECOMPUTINGPROFESSION
free text keywords: Recession, media_common.quotation_subject, media_common, Business, Commerce, Job creation, Labour economics
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publication . Article . Other literature type . 2014

the shifting source of new business establishments and new jobs

Hathaway, Ian; Schweitzer, Mark E.; Shane, Scott;