Changes

*In some sectors like retail trade a case can be made that the declining dynamism has largely been benign, reflecting a shift in the business model to large, national chains that are both more productive and more stable. However, in other sectors such as high tech, such arguments are less persuasive. In this respect, it is worth noting that the acceleration in the decline in dynamism and the decline in dynamism in key innovative sectors like high tech in the post-2000 period coincides with a decline in U.S. economic growth whether measured by productivity or job growth.

In General: