New evidence on the effects of entrepreneurship
Recent research on the effects of entrepreneurship on industry-wide productivity demonstrates a delayed entry effect. New entrants into an industry leads to an immediate negative influence on the productivity of existing firms, but several years after the initial entry, entry has positive productivity effects. The paper reporting these new findings, co-authored by CESIS researchers Pontus Braunerhjelm and Per Thulin and CIRCLE's Martin Andersson has quickly received much attention; it was ranked number 1 in Sweden and number 14 globally by September downloads.