Accession Number PB2013-111002
Title How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size.
Publication Date Jun 2013
Media Count 77p
Personal Author J. Haltiwanger J. Miranda R. S. Jarmin T. C. Fort
Abstract There remains considerable debate in the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. This paper contributes to the debate in two ways. First, the key distinction between firm size and firm age is introduced. The evidence presented in this paper shows that young businesses (that are typically small) exhibit very different cyclical dynamics than small/older businesses. The second contribution is to present evidence and explore explanations for the finding that young/small businesses were hit especially hard in the Great Recession. The collapse in housing prices accounts for a significant part of the large decline of young/small businesses in the Great Recession.
Keywords Age
Business cycles
Economic analysis
Housing
Industries
Prices
Recessions
Size


 
Source Agency Department of Commerce, Bureau of Census
NTIS Subject Category 96A - Domestic Commerce, Marketing, & Economics
91J - Economic Studies
Corporate Author Dartmouth Coll., Hanover, NH. Amos Tuck School of Business Administration.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1324
Contract Number N/A

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