The creation and maintenance of economic growth, jobs, and entrepreneurship represent major drivers of people’s well-being in the short and long-run. They are also crucial concerns for policy makers. Understanding the processes and dynamics underlying the birth, life and death of businesses can provide an important perspective on the mechanisms generating new jobs and ensuring better economic development in all places.
Subnational entities such as cities and regions are increasingly open economies that compete in the international markets and their success is reflected by the dynamics of businesses. For example, the emergence of business clusters can provide important opportunities for existing firms and for the creation of new ones, strengthening regional competitive advantages. A system of business demography indicators at sub-national level is thus a crucial tool to monitor how entrepreneurship and jobs opportunities evolve across space and provide a basis for understanding the potential of all places to contribute to national job creation and prosperity.
The study of business dynamics and entrepreneurship at the regional level was until now hampered by the lack of internationally comparable indicators. The focus of the regional business demography project has been on the development of a database collecting a comparable set of business demography indicators across the regions of OECD countries.
More about the project..(PDF).
The preliminary results indicate that there is a large degree of geographical variation in business births, deaths and survival rates not only across but also within countries.
Business birth rates, within-country dispersion
TL2 regions, 2014 (or last available year)
Quality of institutions and business births
TL2 regions, average between 2008 and 2014