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Business Economics

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Has Market Concentration in U.S. Manufacturing Increased?

Published: May 3, 2024 00:00

The increasing dominance of large firms in the United States has raised concerns about pricing power in the product market. The worry is that large firms, facing fewer competitors, could increase their markups over marginal costs without fear of losing…

Dynamics of High-Growth Young Firms and the Role of Venture Capitalists

Published: May 1, 2024 00:00

The role that venture capital (VC) plays in helping promising startups achieve high growth is examined. Three facts are documented from administrative US Census data and proprietary VC datasets. First, VC-backed firms achieve substantial growth in…

Digital adoption during COVID-19: Cross-country evidence from microdata

Published: April 24, 2024 00:00

The COVID-19 pandemic caused an unprecedented global economic downturn, affecting productivity, business dynamics, and digital technology adoption. Using a comprehensive commercial database from Spiceworks Ziff Davis, this study analyses the firm-level…

The great divergence(s)

Published: April 1, 2024 00:00

This paper provides new evidence on the increasing dispersion in wages and productivity using a unique micro-aggregated firm-level data source, representative for the full population of firms in 12 countries. First, we document an increase in wage and…

Firm level expectations and macroeconomic conditions underpinnings and disagreement

Published: March 8, 2024 00:00

There is abundant evidence that financial analysts inflation expectations differ in economically important ways from those of non-financial specialists. As a result, there is an increasing demand for firm-level data to more accurately capture the views of…