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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2009

Iowa State University

Entrepreneurship

Articles 1 - 3 of 3

Full-Text Articles in Social and Behavioral Sciences

Firm Entry, Firm Exit, And Urban-Biased Growth, Li Yu, Robert W. Jolly, Peter F. Orazem Aug 2009

Firm Entry, Firm Exit, And Urban-Biased Growth, Li Yu, Robert W. Jolly, Peter F. Orazem

Economics Working Papers (2002–2016)

We introduce a taxonomy that classifies industries using three criteria: net growth in the number of firms; the interrelationship between firm entry and firm exit; and the degree of urban-bias in industry growth. We show that in 9 of 15 two-digit NAICS industries investigated, there is evidence of urban bias consistent with a comparative advantage to starting a business in urban markets. The urban advantage is due primarily to faster firm entry rates. Urban and rural firms have similar firm exit rates, consistent with a presumption that there are equal expected profit rates conditional on entry across markets. Urban areas ...


Stopping Start-Ups: How The Business Cycle Affects Entrepreneurship, Li Yu, Peter F. Orazem, Robert W. Jolly Jul 2009

Stopping Start-Ups: How The Business Cycle Affects Entrepreneurship, Li Yu, Peter F. Orazem, Robert W. Jolly

Economics Working Papers (2002–2016)

This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their business start-ups relative to boom period graduates by about two years. Our results are consistent with additional findings that higher unemployment rates at time of graduation significantly delay the first business start-up across all college graduation cohorts over the 1982-2004 period. The adverse effect of a bust is temporary, delaying but not preventing self-employment over the life-cycle.


After They Graduate: An Overview Of The Iowa State University Alumni Survey, Robert W. Jolly, Li Yu, Peter F. Orazem Feb 2009

After They Graduate: An Overview Of The Iowa State University Alumni Survey, Robert W. Jolly, Li Yu, Peter F. Orazem

Economics Working Papers (2002–2016)

This report provides a descriptive overview of the Iowa State University Alumni Survey. In late 2007, 25,000 Iowa State University alumni who received bachelor's degree between 1982 and 2006 were surveyed to obtain information on their career paths, employment status, further education, entrepreneurial activities, community engagement and current income. The on-line and written survey resulted in approximately 5,500 valid returns.