Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory
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We thank seminar and conference participants at College de France, the 1st joint IMF-OECD-World Bank conference on Structural Reforms, 7th CompNet Annual Conference, Bilkent University, and the Central Bank of the Republic of Turkey. Zhiyu Fu and Jeremy Pearce provided excellent research assistance. Akcigit gratefully acknowledges financial support from the National Science Foundation. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System, nor of any other person associated with the Federal Reserve System, nor of the National Bureau of Economic Research.