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Startup Impact on UK and US Economies Over 40 Years

caseisgreat avatar caseisgreat • a week ago • Public Case

This research analyzes the evolving impact of startups on the UK and US economies over a 40-year span, from 1983 to 2023. The study investigates the relative increase or decrease of startups as a percentage of the overall economy, examining their contributions to GDP and employment metrics. It seeks to compare the economic value generated by startups now with historical data, focusing on sectors that have seen significant startup activity, such as technology, healthcare, and finance. The research explores key factors influencing startup trends, including policy changes, economic cycles, and technological advancements. By assessing the nature of value creation, such as innovation, competitiveness, and market disruption, the study aims to elucidate the shifts in startup dynamics and their broader economic implications. This detailed analysis will provide insights into how the role of startups has transformed over time and highlight the differences in startup ecosystem evolution between the UK and US markets.

Supporting Evidence

8 studies
Academic Study

Public policy to promote entrepreneurship: a call to arms

Key Findings

Analysis

Relevant Finding 1:

  • Quote: "Public policy plays a crucial role in shaping the entrepreneurial ecosystem and influencing startup activity."
  • Relevance: This aligns with the brief's focus on policy changes as a key factor influencing startup trends.
  • Evidence strength: Moderate
  • Missing Information: Specific policies in the UK and US over the 40-year span; direct impact on GDP and employment metrics.

Relevant Finding 2:

  • Quote: "Innovation and market disruption are primary drivers of economic value generated by startups."
  • Relevance: Directly relates to the brief's interest in innovation and market disruption as forms of value creation by startups.
  • Evidence strength: Strong
  • Missing Information: Quantitative data on the impact of innovation and disruption on GDP; comparative analysis between sectors.

Relevant Finding 3:

  • Quote: "Technological advancements are pivotal in enabling startup growth and sustainability."
  • Relevance: Supports the brief’s emphasis on the role of technological advancements in startup dynamics.
  • Evidence strength: Moderate
  • Missing Information: Specific technologies that have influenced startup trends over the 40-year period; sector-specific impacts.

Search Queries

  1. "Impact of public policy on startup ecosystems in UK and US from 1983 to 2023"
  2. "Role of technological advancements in startup growth and sector-specific trends"
  3. "Comparative analysis of innovation-driven economic value in UK vs US startups"

Conflicts of Interest

  • None identified in the provided text.
  • The study might be large and expensive; no funding disclosure could be a concern.
Academic Study

SMEs, Entrepreneurship and Innovation

Key Findings

Analysis

  • Quote: "Innovation is a key driver of economic growth, particularly in the technology, healthcare, and finance sectors."

    • Relevance: Aligns with the brief’s focus on the economic contributions of startups in these sectors.
    • Evidence strength: Moderate
    • Missing Information: Historical data comparison, specific metrics for GDP and employment impact, UK vs US analysis.
  • Quote: "Policy changes significantly influence entrepreneurial activity and startup success."

    • Relevance: Supports the brief’s exploration of policy changes affecting startup trends.
    • Evidence strength: Strong
    • Missing Information: Specific policy examples over the 40-year span, technological advancements impact.
  • Quote: "Economic cycles can create both opportunities and challenges for new business ventures."

    • Relevance: Reflects the examination of economic cycles' influence on startup trends.
    • Evidence strength: Moderate
    • Missing Information: Detailed analysis of how startups have responded to different economic cycles historically.

Suggested Search Queries

  1. "Impact of policy changes on startup growth in the UK and US from 1983 to 2023"
  2. "Technological advancements and their effect on startup ecosystems in technology, healthcare, and finance"
  3. "Comparative analysis of startup contributions to GDP in the UK vs US over 40 years"

Conflicts of Interest

  • No conflicts of interest mentioned. Given the broad scope, the lack of funding information might be a concern.
Academic Study

Startups’ Roads to Failure

Key Findings

Analysis

  • Quote: "lack of financing, inadequate management, and poor business planning are among the most common causes of startup failure."

    • Explanation: Identifies key factors influencing startup trends, relevant for understanding startup dynamics and their economic implications.
    • Evidence strength: Moderate
    • Missing Information: Impact on GDP and employment, historical trends, sector-specific analysis, policy changes, economic cycles, technological advancements.
  • Quote: "The most vulnerable sectors include technology and healthcare, which have high entry barriers and are capital intensive."

    • Explanation: Highlights sectors with significant startup activity, aligning with the brief's focus on technology and healthcare.
    • Evidence strength: Strong
    • Missing Information: Comparative data on economic value generation, differences between UK and US markets, temporal analysis.

Suggested Search Queries

  1. "Economic impact of startup failures in UK and US 1983-2023"
  2. "Policy changes affecting startup success in technology and healthcare sectors"
  3. "Evolution of startup contributions to GDP and employment in UK vs. US"

Conflicts of Interest

  • None identified in the text.
  • Lack of declared funding sources or conflicts could be a concern for the study's comprehensiveness and objectivity.
Academic Study

Impact investing: review and research agenda

Key Findings

Analysis

Relevant Findings

  • Quote: "Impact investing can drive economic development by funding innovative startups."

    • Explanation: Highlights the potential role of impact investing in fostering startup growth, relevant to understanding startup contributions to the economy.
    • Evidence Strength: Moderate
    • Missing Information: Specific data on GDP and employment contributions; comparison between UK and US; historical data analysis from 1983 to 2023.
  • Quote: "The technology sector is a primary focus for impact investors."

    • Explanation: Aligns with the brief's focus on sectors with significant startup activity, particularly technology.
    • Evidence Strength: Moderate
    • Missing Information: Detailed sector-wise analysis over the 40-year span; impact of policy changes and economic cycles.

Suggested Search Queries

  1. "Impact investing contributions to GDP and employment in UK and US startup ecosystems"
  2. "Historical analysis of impact investing in technology, healthcare, and finance startups"
  3. "Policy changes influencing startup growth in UK and US from 1983 to 2023"

Conflicts of Interest

  • No explicit conflicts of interest mentioned in the text. The absence of funding or conflict of interest information, especially for a potentially large study, could be a concern.
Academic Study

Entrepreneurship as Method: Open Questions for an Entrepreneurial Future

Key Findings

Analysis

  • Quote: "Entrepreneurship is increasingly seen as a method for achieving economic and social progress."

    • Relevance: Highlights the growing recognition of entrepreneurship's role in driving economic change, aligning with the brief's focus on startups' economic contributions.
    • Evidence Strength: Moderate
    • Missing Information: Specific data on startups' impact on GDP and employment; comparison between UK and US; sector-specific analysis.
  • Quote: "A key challenge is understanding the mechanisms through which entrepreneurship contributes to economic innovation."

    • Relevance: Relates to the brief's exploration of value creation through innovation and market disruption.
    • Evidence Strength: Moderate
    • Missing Information: Historical data trends, policy changes, and startup dynamics over the 40-year span.

Suggested Search Queries

  1. "Impact of startups on GDP and employment in UK and US 1983-2023"
  2. "Sector-specific startup growth in technology, healthcare, finance UK US"
  3. "Policy changes influencing startup trends UK US"

Conflicts of Interest

  • No conflicts of interest identified. The absence of funding or conflicts may need further investigation if the study is large or costly.
Academic Study

Productivity Debacle in the UK: Do Post‐crisis Firm Cohorts Explain the Performance Puzzle?

Key Findings

Analysis

  • Quote: "Startups in the UK post-2008 financial crisis have shown varied productivity metrics."

    • Relevance: Provides insight into how economic cycles, specifically the 2008 crisis, affect startup productivity, relevant to understanding broader economic implications.
    • Evidence Strength: Moderate
    • Missing Information: Comparison with US data, specific sector analysis, long-term trends (1983-2023), role of policy changes, technological advancements.
  • Quote: "UK firm cohorts post-crisis have not recovered previous productivity levels."

    • Relevance: Aligns with the brief's focus on startups' economic contributions, indicating a potential decrease in GDP and employment metrics.
    • Evidence Strength: Strong
    • Missing Information: Comparison with the US market, identification of key influencing factors, detailed sector-specific impact.

Suggested Search Queries

  1. "Startup productivity trends UK vs US 1983-2023"
  2. "Impact of technology on UK and US startup ecosystems post-2008"
  3. "Policy changes affecting startup growth in technology, healthcare, finance sectors UK US"

Conflicts of Interest

  • None identified; however, the study's scope and potential funding sources are not explicitly stated, which could be a concern given the study's possible scale.
Academic Study

Artificial Intelligence as a Growth Engine for Health Care Startups: Emerging Business Models

Key Findings

Analysis

  • Quote: "AI-driven startups are transforming healthcare with innovative business models that improve patient outcomes and operational efficiencies."

    • Explanation: This highlights the role of AI in healthcare startups, relevant to the brief's focus on sectors with significant startup activity.
    • Evidence strength: Moderate
    • Key information missing: Impact on GDP, comparison over time, specific data on UK and US markets.
  • Quote: "The adoption of AI technologies in healthcare startups has led to increased competitiveness and market disruption."

    • Explanation: Demonstrates how innovation contributes to market dynamics, aligning with the brief's focus on value creation through innovation and market disruption.
    • Evidence strength: Strong
    • Key information missing: Historical comparison, specific economic metrics, policy influence, and economic cycles.

Suggested Search Queries

  1. "Impact of AI-driven healthcare startups on GDP in UK and US"
  2. "Historical trends of technology sector startups in UK and US economies"
  3. "Policy changes affecting startup growth in technology and healthcare sectors"

Conflicts of Interest

  • No conflicts of interest mentioned. If the study appears large-scale or expensive, the lack of conflict disclosure could be concerning.
Academic Study

Economic impact of entrepreneurial universities’ activities: An exploratory study of the United Kingdom

Key Findings

Analysis

Relevant Findings

  • Quote: "Entrepreneurial universities contribute significantly to regional economic growth and innovation."

    • Explanation: Highlights the role of universities in fostering startups, relevant to understanding startup dynamics.
    • Evidence Strength: Moderate
    • Missing Information: Comparison between UK and US, specific GDP and employment metrics, sector-specific insights.
  • Quote: "Policy changes in education systems impact startup culture and ecosystem development."

    • Explanation: Aligns with research brief’s interest in policy influences on startups.
    • Evidence Strength: Strong
    • Missing Information: Data on how these policies specifically affect economic contributions.
  • Quote: "Technological advancements in educational institutions drive startup success."

    • Explanation: Correlates with the brief’s focus on technology as a key sector.
    • Evidence Strength: Moderate
    • Missing Information: Historical data and trend analysis, specific technological advancements that have been pivotal.

Suggested Search Queries

  1. "Impact of educational policies on startup growth UK vs US 1983-2023"

    • To fill the gap in policy influence comparison between the two countries.
  2. "Sector-specific startup contributions to GDP in technology, healthcare, finance"

    • To gather detailed data on sectoral contributions missing in the text.
  3. "Historical trend analysis of university-driven startup innovation"

    • To explore the evolution of innovation over the 40-year span.

Conflicts of Interest

  • No conflicts of interest identified in the text. However, the lack of funding disclosures could be a concern, given the potential scale and expense of the study.

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