Economic dynamism

Last updated

Economic dynamism is the rate and direction of change in an economy. [1] This can include activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. [1] Economists disagree on the usefulness of the term, with some calling it too ambiguous, and with others calling it useful to understand the degree of churn in the economy. [2] Proponents of the term note that it can describe an economy's ability to adapt to changing circumstances, such as changing consumer demands or the availability of resources. [2] Some experts correlate economic dynamism with the rate of business start-ups. [3] Rates of consumers changing banking or telecommunications service providers, especially as limited by switching barriers, have been cited as a major influence on economic dynamism. [4] [5]

Contents

American Dynamism

Andreessen Horowitz uses the phrase 'American Dynamism' to exemplify that innovation and startups with a civic minded approach to further the national interest, is a core value of the venture capital fund. [6] [7]

See also

References

  1. 1 2 "Index of State Dynamism". Economic Innovation Group.
  2. 1 2 Bourne, Ryan (August 19, 2022). "Round up: Can We Define Economic Dynamism?". Cato.org. Retrieved April 14, 2023.
  3. ↑ Decker, Ryan; Haltiwanger, John; Jarmin, Ron; Miranda, Javier (September 14, 2014). "The Role of Entrepreneurship in US Job Creation and Economic Dynamism". Journal of Economic Perspectives. 28 (3): 3–24. doi: 10.1257/jep.28.3.3 – via www.aeaweb.org.
  4. ↑ Wheeler, T.; Verveer, P.; Kimmelman, G. (August 2020). "New Digital Realities; New Oversight Solutions in the U.S.: The Case for a Digital Platform Agency and a New Approach to Regulatory Oversight" (PDF). Shorenstein Center on Media, Politics and Public Policy. Harvard Kennedy School.
  5. ↑ "FACT SHEET: President Biden Highlights New Progress on His Competition Agenda" (Press release). The White House. 1 February 2023. Retrieved 27 June 2023.
  6. ↑ https://www.presidency.ucsb.edu/documents/remarks-the-vice-president-the-american-dynamism-summit
  7. ↑ https://a16z.com/american-dynamism/


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.