CORDIS Project
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This research investigates the factors influencing the growth and survival of firms, particularly startups, by analyzing the characteristics of entrepreneurs. It aims to develop a macroeconomic model that links firm dynamics to entrepreneurial diversity and its impact on job creation.
New micro-level data reveals enormous heterogeneity across firms in terms of their growth and survival.
Young firms are the engines of aggregate job creation and productivity growth even though most startups fail or do not grow.
Therefore, only a small share of high-growth firms generates the documented macroeconomic gains.
Despite the aggregate importance, we know very little about why firm performance is so heterogeneous, whether these differences are predictable based on characteristics of bu…
THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD
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