An interesting article written in April 2019, speaks about how Entrepreneurship is a key force in rising of living standards.
Age and High Growth Entrepreneurship
The article was written by:
Pierre Azoulay, MIT and NBER
Benjamin F. Jones, Northwestern University and NBER
J. Daniel Kim, MIT
Javier Miranda, U.S. Census Bureau
Special Thanks To:
* We thank Shawn Klimek, Mark Leach, David Robinson, Scott Stern, Peter Klenow and two anonymous referees for helpful comments. We thank PCRI and Josh Lerner for access to the matched Business Register-PCRI crosswalk. Any opinions and conclusions expressed herein are those of the author(s) and do not necessarily represent the views of the U.S. Census Bureau or its staff. All results have been reviewed to ensure that no confidential information is disclosed.