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VoxEU, CEPR Policy Portal

How Sweden Became More Entrepreneurial Than the US

Popular Science
Heyman, Fredrik, Pehr-Johan Norbäck and Lars Persson (2019). “How Sweden Became More Entrepreneurial Than the US”., CEPR Policy Portal and World Economic Forum, August 12.

Fredrik Heyman, Pehr-Johan Norbäck, Lars Persson

Recent studies document a 30-year decline in various measures of dynamism in the US, manifested in a decline in the share of young firms as well as their share of job creation. This column shows that this has not been the case in Sweden. Young firms have been more prominent in the Swedish business sector than in the US in recent decades, and policies to encourage entrepreneurship are key to this.

Pehr-Johan Norbäck

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