Firm Age, Investment Opportunities, and Job Creation
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, Scholarly Edition
Adelino, M; Ma, S; Robinson, D
June 1, 2017
New firms are an important source of job creation, but the underlying economic mechanisms for why this is so are not well understood. Using an identification strategy that links shocks to local income to job creation in the nontradable sector, we ask whether job creation arises more through new firm creation or through the expansion of existing firms. We find that new firms account for the bulk of net employment creation in response to local investment opportunities. We also find significant gross job creation and destruction by existing firms, suggesting that positive local shocks accelerate churn.
Duke Scholars
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Publication Date
June 1, 2017
Start / End Page
999 / 1038
Related Subject Headings
- Finance
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment
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Adelino, M., Ma, S., & Robinson, D. (2017). Firm Age, Investment Opportunities, and Job Creation. https://doi.org/10.1111/jofi.12495
Adelino, M., S. Ma, and D. Robinson. “Firm Age, Investment Opportunities, and Job Creation,” June 1, 2017. https://doi.org/10.1111/jofi.12495.
Adelino M, Ma S, Robinson D. Firm Age, Investment Opportunities, and Job Creation. 2017. p. 999–1038.
Adelino, M., et al. Firm Age, Investment Opportunities, and Job Creation. 1 June 2017, pp. 999–1038. Scopus, doi:10.1111/jofi.12495.
Adelino M, Ma S, Robinson D. Firm Age, Investment Opportunities, and Job Creation. 2017. p. 999–1038.
DOI
Publication Date
June 1, 2017
Start / End Page
999 / 1038
Related Subject Headings
- Finance
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment