Thu, 12 May

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Macquarie University City Campus

Serial entrepreneurs and the macroeconomy

Petr Sedlacek

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Serial entrepreneurs and the macroeconomy

Time & Location

12 May, 12:00 pm – 2:00 pm

Macquarie University City Campus , level 24/123 Pitt St, Sydney NSW 2000, Australia

About the event

Using unique administrative data, we document four new facts about firms of serial entrepreneurs: compared to other businesses, they (i) disproportionately contribute to aggregate job creation and productivity growth, (ii) are bigger and faster-growing, (iii) shape aggregate business dynamics and (iv) already the very first firms of serial entrepreneurs display superior performance. 

We discuss implications of our results for theoretical and quantitative macroeconomic models.

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