Dynamism is a broad term that refers to the scale and rate of an economy’s changes across a variety of measures. Since the 1990s, the United States has seen a pervasive decline in dynamism according to the Index of State Dynamism, a new report from the Economic Innovation Group (EIG). The study found the Great Recession accelerated the extent of the decline, with the average state losing one-third of its dynamism.
By: Jonathan Dworin, The State Science & Technology Institute
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