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The Shifting Source of New Business Establishments and New Jobs
2014
Federal Reserve Bank of Cleveland. Economic Commentary
As markets and business patterns change, new business establishments are created to serve them. Those new establishments can be provided by entrepreneurs creating new firms or by the owners of existing businesses opening new locations. We show that over the past three decades, new establishments have increasingly been provided by existing businesses opening new locations. Those new locations have created jobs at a higher rate than brand-new firms, which helps to boost job creation. Looking at
doi:10.26509/frbc-ec-201415
fatcat:sr6lwhhkovhjlgtzhvmhcufkni