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Abstract
This article investigates the relationship between some aspects of market dynamics and economic development in subsequent time periods. Different approaches to test a turbulence-growth hypothesis are compared using data on entries and exits in West Germany. Analyses on the levels of industries and regions come to contradicting results. The discussion of these contradictions leads to two main conclusions: (1) only interregional analysis provides a proper test of the turbulence-growth hypothesis, and (2) such an analysis on the level of regions must account for the industrial structure within the regions. In the regional context, a positive relation between entry rate and economic development can only be found for start-ups in manufacturing.
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