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Activity Number:
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165
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Type:
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Contributed
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Date/Time:
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Monday, August 3, 2009 : 10:30 AM to 12:20 PM
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Sponsor:
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Section on Government Statistics
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| Abstract - #305643 |
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Title:
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Dynamics of Business Growth
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Author(s):
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Carol Leming*+
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Companies:
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Bureau of Labor Statistics
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Address:
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2 Massachusetts Ave NE, Washington, DC, 20212,
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Keywords:
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High Growth Firms ; Job Creation ; Business Dynamics ; Entrepreneurship
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Abstract:
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This paper builds upon previous research (Knaup and Piazza) on the survival and longevity of businesses to explore the dynamics of business growth and new job creation. Using longitudinal data available in the U.S. Bureau of Labor Statistics (BLS) Longitudinal Database (LDB), a methodology is developed to examine the growth rate patterns and employment trajectories of business start-ups over a 7 year period. Specific attention is given to identifying the characteristics of high-growth firms and/or "gazelles" as defined by the OECD/Eurostat Entrepreneurship Indicators Program.
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