. "5 Improving Data and Statistics on Business Dynamics - Bridging the Gap Between the Current and a Comprehensive System." Understanding Business Dynamics: An Integrated Data System for America's Future. Washington, DC: The National Academies Press, 2007.
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Understanding Business Dynamics: An Integrated Data System for America’s Future
improvement in the data required to understand the complexity of business dynamics in the United States and, possibly, a reduction in the likelihood of mistakes in national policy making. The cost of a minor misstep that reduces the growth of a 13 trillion dollar economy by even a small fraction is in the billions of dollars. By any calculus, the amount of resources required to provide a more timely, more accurate, and more complete description of U.S. business dynamics seems like a very good investment of public resources, yielding substantial benefits for future generations.