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Economic Dynamism: Interrelationships among Entrepreneurship-Friendly Environments, Geographic Mobility, and Labor Market Freedom in both the Pre- and Post-Great Recession Periods

Author

Listed:
  • Cebula, Richard J.

    (University of Tennessee, Tennessee, U.S.A.)

  • Jolley, G. Jason

    (Ohio University - Main Campus, Ohio, U.S.A.)

Abstract

This empirical research study endeavors to elevate our understanding of the interrelationship of several aspects of economic dynamism at the state level in the United States. We investigate the factors influencing geographic mobility, i.e., both net in-migration and gross in-migration patterns, by simultaneously focusing on two hypotheses using state-level panel data covering the period 2005-2017, as well as Pre-Great Recession and Post-Great Recession sub-periods thereof. These two hypotheses are as follows: the pattern of geographic mobility is positively impacted by a business climate that is (a) friendly to the pursuit of entrepreneurship per se on the one hand and (b) migrants are attracted to environments having greater labor market freedom on the other hand. This paper reveals that these two hypotheses receive simultaneous empirical support (i.e., they are not incompatible with one another).

Suggested Citation

  • Cebula, Richard J. & Jolley, G. Jason, 2024. "Economic Dynamism: Interrelationships among Entrepreneurship-Friendly Environments, Geographic Mobility, and Labor Market Freedom in both the Pre- and Post-Great Recession Periods," American Business Review, Pompea College of Business, University of New Haven, vol. 27(2), pages 640-656, November.
    • Handle: RePEc:ris:ambsrv:0118
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    File URL: https://digitalcommons.newhaven.edu/americanbusinessreview/vol27/iss2/11/
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    More about this item

    Keywords

    Economic Dynamism; Migration; Labor Market Freedom;
    All these keywords.

    JEL classification:

    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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