1 business dynamics statistics javier miranda center for economic studies us census bureau njsdc...
TRANSCRIPT
![Page 1: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/1.jpg)
1
Business Dynamics Statistics
JAVIER MIRANDACenter for Economic Studies
US Census Bureau
NJSDCJune 2, 2009
![Page 2: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/2.jpg)
2
Background• Business dynamics are a fundamental
part of – Innovation– Productivity Growth– Job Creation
• Measuring business dynamics in official statistics is relatively new, but critical to our understanding of the economy
![Page 3: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/3.jpg)
3
Remarks By Federal Reserve Chairman Ben Bernanke…One leading explanation for the strong U.S. productivity
growth is that labor markets in the United States tend to be more flexible and competitive, market characteristics that have allowed the United States to realize greater economic benefits from new technologies. For example, taking full advantage of new information and communication technologies may require extensive reorganization of work practices, the reassignment and retraining of workers, and ultimately some reallocation of labor among firms and industries…
August 31, 2006
![Page 4: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/4.jpg)
4
Background• Confidential Micro Datasets – RDC Network• Public Use Datasets a way to open access to wider set
of users– Census-SUSB– BLS-BED – OECD-SBS
• None of these incorporate business age in a systematic way.
• Critical to understanding – Entrepreneurship– The role of young/small old/large producers in dynamic
economic processes.
![Page 5: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/5.jpg)
5
The BDS• New Census public use files (support from
Kauffman Foundation)– Coverage 1976-2005– CBP Universe– Establishment level with firm characteristics– Focus on both business and employment dynamics
• Comparison to CBP– Value added from links and longitudinal analysis
• Unique Features– Long Time Series– Firm and Establishment Age– Interactions with Firm and Establishment Size
![Page 6: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/6.jpg)
6
The BDS• Statistics
– Establishment Births, Deaths and Continuers– Job creation
• From births and expansions
– Job destruction • From deaths and contractions
– Excess Job Reallocation
• By categories– Firm Age– Firm Size– State– Industrial Sector– State*Sector*Age …
![Page 7: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/7.jpg)
7
The BDS
• Other tables planned– County (most requested)– NAICS– Establishment Age ….
We want feedback as to what is useful to you– Survival?– Firm?
![Page 8: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/8.jpg)
8
The BDS Website
![Page 9: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/9.jpg)
9
The BDS: Multiple Databases
![Page 10: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/10.jpg)
10
The BDS: Economy Wide
![Page 11: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/11.jpg)
11
The BDS: State Statistics
![Page 12: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/12.jpg)
12
The BDS: Startups and Age
![Page 13: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/13.jpg)
13
The BDS: Entrepreneurial Activity Across States
![Page 14: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/14.jpg)
14
The BDS: Jobs Created from Business Startups in the U.S.
![Page 15: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/15.jpg)
15
The BDS: High Growth and Failure of Young Firms
![Page 16: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/16.jpg)
16
Summary
• New research data set • Easily accessible• Rich source of information to examine
– Business demography – Creative destruction/innovation– Business cycle dynamics– Role of cohorts, young/small vs large/old– Labor market dynamics
![Page 17: 1 Business Dynamics Statistics JAVIER MIRANDA Center for Economic Studies US Census Bureau NJSDC June 2, 2009](https://reader036.vdocuments.mx/reader036/viewer/2022062511/551555a955034685568b56d3/html5/thumbnails/17.jpg)
17
Summary
• State Analysis
• Extensions to County and NAICS