Finance:Economic dynamism
Economic dynamism is the rate and direction of change in an economy.[1] This can include activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce.[1] Economists disagree on the usefulness of the term, with some calling it too ambiguous, and with others calling it useful to understand the degree of churn in the economy.[2] Proponents of the term note that it can describe an economy's ability to adapt to changing circumstances, such as changing consumer demands or the availability of resources.[2] Some experts correlate economic dynamism with the rate of business start-ups.[3] Rates of consumers changing banking or telecommunications service providers, especially as limited by switching barriers, have been cited as a major influence on economic dynamism.[4][5]
See also
- Startup Weekend
- Yozma - Israeli program in the 1990s to kickstart venture captital
References
- ↑ 1.0 1.1 "Index of State Dynamism". https://eig.org/index-state-dynamism/.
- ↑ 2.0 2.1 Bourne, Ryan (August 19, 2022). "Round up: Can We Define Economic Dynamism?". https://www.cato.org/commentary/round-can-we-define-economic-dynamism#.
- ↑ Decker, Ryan; Haltiwanger, John; Jarmin, Ron; Miranda, Javier (September 14, 2014). "The Role of Entrepreneurship in US Job Creation and Economic Dynamism". Journal of Economic Perspectives 28 (3): 3–24. doi:10.1257/jep.28.3.3. https://www.aeaweb.org/articles?id=10.1257/jep.28.3.3.
- ↑ Wheeler, T.; Verveer, P.; Kimmelman, G. (August 2020). "New Digital Realities; New Oversight Solutions in the U.S.: The Case for a Digital Platform Agency and a New Approach to Regulatory Oversight". Harvard Kennedy School. https://shorensteincenter.org/wp-content/uploads/2020/08/New-Digital-Realities_August-2020.pdf.
- ↑ "FACT SHEET: President Biden Highlights New Progress on His Competition Agenda" (Press release). The White House. 1 February 2023. Retrieved 27 June 2023.
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