Declining Business Dynamism in Europe: The Role of Shocks, Market Power, and Responsiveness

Some new terms to learn: Business Dynamism - refers to the rate of new company formation / destruction, with the presumption that highly dynamic is generally good as it should mean lots of new jobs being both created and destroyed, which further means that workers re flowing across companies. Anyways, European business dynamism is in decline, almost all due to low growth / high cost of doing business.