000			01133nab a22001697a 4500
008			160615b2015 xxu||||| |||| 00| 0 eng d
100			_aShaffer, Sherrill
245			_aNew Small Firms and Dimensions of Economic Performance _cShaffer, Sherrill.
260			_c2015
300			_a65 - 78
520			_aUsing data from metropolitan U.S. labor market areas, the authors quantify empirical associations between entry by small firms and multiple economic outcomes including levels, growth rates, and volatilities of income and employment. The inclusion of volatilities, motivated by prior studies, fills an important gap in the empirical analysis of the economic effects of small business entry. We introduce a new measure of excess volatility to reduce any bias from endogeneity or reverse causality. Several robust associations emerge, suggesting a richer variety of effects of entry than previously documented, and raising important new questions for future research and public policy.
650			_aEntry
650			_aEmployment
650			_aStability
650			_aGrowth
773			_aEconomic Development Quarterly _dFebruary
999			_c42835 _d42835