Entrepreneurship and Business Dynamism

Here is the video of my panel at the Cato Conference on Growth (other videos at the link). John Haltiwanger leads off with a very good talk summarizing some of his work on declining business dynamism (see also his important paper with Decker, Jarmin and Miranda.) Amar Bhide follows with some skepticism about productivity statistics. My talk begins at 50:26. I discuss regulation and dynamism, why less-developed economies are more entrepreneurial than the United States, Japan’s Ise Grand Shrine and its lessons for entrepreneurship, how Zara is internalizing creative destruction and more.


Why do the four chaps in the photo look so utterly bored?

they are nervous

Fair enough; but a talk is just a performance, and they must surely have performed before. Stand up, tell 'em what you're going to tell 'em, tell 'em it, and then tell 'em what you've just told 'em. Do it with a bit of wit and style. What could be easier?

Some comments here: http://updatedpriors.blogspot.com/2014/12/tabarrok-on-business-dynamism.html

That was a good talk. Could you post the slides for it as well?

RE: The Ford Example

What else changed in that time period? It's important not to over-rate CEO leadership - if you saw a kingdom was doing well and heard that it started doing well around the same time that a new King came to power, you wouldn't assume that the King was wholly responsible for the kingdom's fortunes.

I could have given you the show-stopper presentation at that lecture.

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