G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24023
来源IDWorking Paper 24023
Missing Growth from Creative Destruction
Philippe Aghion; Antonin Bergeaud; Timo Boppart; Peter J. Klenow; Huiyu Li
发表日期2017-11-20
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Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w24023
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/581697
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GB/T 7714
Philippe Aghion,Antonin Bergeaud,Timo Boppart,et al. Missing Growth from Creative Destruction. 2017.
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