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Job creation and persistence in services and manufacturing

Armington, Catherine and Acs, Zoltan J. (2004) Job creation and persistence in services and manufacturing. Journal of Evolutionary Economics, 14 (3). pp. 309-325. ISSN 0936-9937

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Identification Number: 10.1007/s00191-004-0194-z

Abstract

An important new literature on gross employment flows has produced a great outpouring of stylized facts. In this paper we examine one aspect of this literature through the lens of dynamic models and theories of industrial evolution. We extend the Davis and Haltiwanger methodology for analysis of the persistence of gross job creation, distinguishing the persistence of new jobs from business births and from expansions. The persistence rates are then compared with those expected in each sector if average annual job creation and destruction were distributed across the business population independently of the prior year’s changes. The results provide a basis for discussing aspects of the different dynamics of job creation in services and manufacturing.

Item Type: Article
Official URL: http://link.springer.com/journal/191
Additional Information: © 2004 Springer
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
JEL classification: J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies
L - Industrial Organization > L6 - Industry Studies: Manufacturing
L - Industrial Organization > L8 - Industry Studies: Services
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
Sets: Departments > Management
Date Deposited: 14 Apr 2014 12:30
Last Modified: 20 Feb 2019 08:10
URI: http://eprints.lse.ac.uk/id/eprint/56518

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