Thu, 12 May
|Macquarie University City Campus
Serial entrepreneurs and the macroeconomy
Petr Sedlacek
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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.