Productivity performance sparks uptick in US entrepreneurship, finds Boston Fed paper
Trend follows ‘significant decline' in firm creation since the financial crisis
An increase in productivity has sparked a recovery in US entrepreneurship following a "significant decline" around the time of the financial crisis, according to a working paper from the Federal Reserve Bank of Boston.
In The Great Recession, Entrepreneurship, and Productivity Performance, author Federico Dίez notes the number of firms created in 2009 was the lowest since 1977, but adds recent data suggests there was a "modest improvement" in 2012 and 2013.
"It is feared that a lower rate of
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