2019

Has the Swedish Business Sector Become More Entrepreneurial than the U.S. Business Sector?

Reprint No. 2019:19

Author(s): Fredrik Heyman, Pehr-Johan Norbäck, Lars Persson and Fredrik AnderssonYear: 2019 Title: Research Policy Volume (No.): 48 (7) Pages: 1809–1822
Online article (restrictions may apply)
Preliminary version


Recent studies document a 30-year decline in various measures of entrepreneurship in the U.S. Using detailed Swedish employer-employee data over the period from 1990 to 2013, we find young firms to be more prominent in the Swedish business sector than in the U.S. business sector. Young Swedish firms, aged five years or less, account for more than half of all firms during this period. We also observe an increase in Swedish entrepreneurial activity for start-ups. However, since the mid-2000s, job destruction rates for young firms have been increasing, which implies a declining employment share for younger firms. Moreover, most of the job creation by young firms occurs in the expanding service sector. We discuss different explanations for why Sweden appears not to have the same strong decline in entrepreneurial activity as the U.S. has had during the last two decades. We argue that one important explanation is the economic reforms that were implemented in Sweden in the 1990s that mitigated several hurdles to entrepreneurship.


Reference:
Heyman, Fredrik, Pehr-Johan Norbäck, Lars Persson and Fredrik Andersson (2019), "Has the Swedish Business Sector Become More Entrepreneurial than the U.S. Business Sector?". Research Policy 48(7), 1809–1822.

Fredrik Heyman

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Ph: +46 8 665 4537
fredrik.heyman@ifn.se

Pehr-Johan Norbäck

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Ph: +46 8 665 4522
Mob: +46 73 574 3379
pehr-johan.norback@if...

Lars Persson

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Ph: +46 8 665 4504
lars.persson@ifn.se

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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