ERC Starting Grant · 2018
Entrepreneurs, Firms and the Macroeconomy
New micro-level data reveals enormous heterogeneity across firms in terms of their growth and survival. Young firms are the engines of aggregate job creation and productivity growth even though most startups fail or do not grow. Therefore, only a small share of high-growth firms generates the documented macroeconomic gains. Despite the aggregate importance, we know very little about why firm performance is so heterogeneous, whether these differences are predictable based on characteristics of business founders (entrepreneurs), and how choices of different entrepreneurs to start firms shape, and are shaped by, macroeconomic conditions. This research agenda studies the nexus of entrepreneurs,…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.