What Happened to U.S. Business Dynamism?
Abstract: The U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism in recent decades. We attempt to understand potential common forces behind these empirical regularities through the lens of a micro-founded general equilibrium model of endogenous firm dynamics.
File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/what-happened-to-us-business-dynamism-20200214.htm
Part of Series: FEDS Notes
Publication Date: 2020-02-14