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Trends in firm entry and new entrepreneurship in Canada

By Shutao Cao, Mohanad Salameh, Mai Seki and Pierre St-Amant

Abstract

Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these trends and discusses potential explanations. A shift-share analysis suggests that changes to Canada's industrial and demographic structures cannot explain the long-term downward trends, although population aging accounts for part of the decline in new entrepreneurship since around 2000. The paper also discusses other factors potentially contributing to the downward trends: increased industrial concentration, changing labour market conditions, an increased college wage premium and higher student debt. In-depth analysis of these factors is left for future research.Des donn\ue9es publi\ue9es r\ue9cemment font ressortir une tendance \ue0 la baisse qui touche aussi bien le taux de cr\ue9ation d\u2019entreprises que le taux d\u2019entrepreneuriat depuis le d\ue9but des ann\ue9es 1980 au Canada. Les auteurs mettent en \ue9vidence cette tendance et en examinent les explications possibles. Une analyse structurelle-r\ue9siduelle montre que l\u2019\ue9volution des structures industrielles et d\ue9mographiques au Canada n\u2019explique pas les tendances \ue0 long terme \ue0 la baisse, bien que le vieillissement de la population motive en partie la diminution du taux d\u2019entrepreneuriat depuis l\u2019ann\ue9e 2000 environ. Les auteurs \ue9tudient aussi d\u2019autres facteurs qui pourraient contribuer aux tendances observ\ue9es : la concentration industrielle accrue, l\u2019\ue9volution des conditions sur le march\ue9 du travail, la hausse du surplus de r\ue9mun\ue9ration li\ue9 \ue0 l\u2019\ue9ducation post-secondaire et l\u2019augmentation des dettes des \ue9tudiants. Une analyse plus exhaustive des ces facteurs pourrait faire l\u2019objet d\u2019\ue9tudes futures

Topics: L11, M13, ddc:330, Firm dynamics, Market structure and pricing, Productivity, Dynamique des entreprises, Structure de march\ue9 et fixation des prix, Productivit\ue9
Publisher: Ottawa: Bank of Canada
Year: 2015
OAI identifier: oai:econstor.eu:10419/129688
Provided by: EconStor

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