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Who creates jobs
TLDR
In this paper, the authors argue that there is a strong link between initial levels of young and small firms and subsequent job growth, as evidenced in India, and suggest that there are many policy levers that can be used by policy makers to promote entrepreneurial growth.Abstract:
There is a consensus that jobs are vital in translating economic growth into lasting poverty reduction and social cohesion. But who creates jobs is an understudied field. This economic premise argues that there is a strong link between initial levels of young and small firms and subsequent job growth, as evidenced in India. The economic geography of entrepreneurship in India is still evolving. It is worrying that there are too few entrepreneurs in India for its stage of development. Yet there is no question that entrepreneurship works cities and states that have embraced entrepreneurship have created more jobs. However, the link between entrepreneurship and job growth is not automatic. Cities that have a higher quality of physical infrastructure and a more educated workforce attract many more entrepreneurs. Supportive incumbent industrial structures for input and output markets are strongly linked to higher entrepreneurship rates. There are many policy levers that can be used by policy makers to promote entrepreneurial growth. Instead of being preoccupied with firm chasing attracting large mature firms from other locations policy makers should focus on encouraging entrepreneurship in their communities.read more
Citations
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Journal ArticleDOI
Who Creates Jobs? Small versus Large versus Young
TL;DR: In this article, the authors used data from the Census Bureau's Business Dynamics Statistics and Longitudinal Business Database to explore the many issues at the core of this ongoing debate and find that the relationship between firm size and employment growth is sensitive to these issues.
Gazelles as job creators: a survey and interpretation
Magnus Henrekson,Dan Johansson +1 more
TL;DR: This article conducted a meta-analysis of the empirical evidence regarding whether net employment growth rather is generated by a few small and young firms, and found that small firms account for a disproportionately large share of employment growth.
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Gazelles as job creators: a survey and interpretation of the evidence
Magnus Henrekson,Dan Johansson +1 more
TL;DR: This article conducted a meta-analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms that are not necessarily small and young, and found that Gazelles are outstanding job creators.
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Clusters and Entrepreneurship
TL;DR: In this paper, the authors examined the role of regional clusters in regional entrepreneurship, focusing on the distinct influences of convergence and agglomeration on growth in the number of start-up firms as well as in employment in these new firms in a given region-industry.
Journal ArticleDOI
Clusters and entrepreneurship
TL;DR: In this paper, the authors examined the role of regional clusters in regional entrepreneurship, focusing on the distinct influences of convergence and agglomeration on growth in the number of start-up firms as well as in employment in these new firms in a given region-industry.
References
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