| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12431 |
| DP12431 Missing Growth from Creative Destruction | |
| Timo Boppart; Philippe Aghion; Antonin Bergeaud; Peter J. Klenow; Huiyu Li | |
| 发表日期 | 2017-11-08 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply two ways of assessing the magnitude of "missing growth" for private nonfarm businesses from 1983--2013. The first approach exploits information on the market share of surviving plants. The second approach applies indirect inference to firm-level data. We find: (i) missing growth from imputation is substantial --- at least 0.6 percentage points per year; and (ii) most of the missing growth is due to creative destruction (as opposed to new varieties). |
| 主题 | Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp12431 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541241 |
| 推荐引用方式 GB/T 7714 | Timo Boppart,Philippe Aghion,Antonin Bergeaud,et al. DP12431 Missing Growth from Creative Destruction. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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