全球智库信息集成服务系统(G2TT): Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25755
来源ID	Working Paper 25755
	Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory
	Ufuk Akcigit; Sina T. Ates
发表日期	2019-04-15
出版年	2019
语种	英语
摘要	In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism documented in the literature and discuss some of the existing attempts to explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially speak to all of these facts jointly. We next explore some theoretical predictions of this framework, which are shaped by two interacting forces: a "composition effect" that determines the market concentration and an "incentive effect" that determines how firms respond to a given concentration in the economy. The results highlight that a decline in "knowledge diffusion" between frontier and laggard firms could be a significant driver of empirical trends observed in the data. This study emphasizes the potential of growth theory for the analysis of factors behind declining business dynamism and the need for further investigation in this direction.
主题	Macroeconomics ; Consumption and Investment ; Other ; Law and Economics ; Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w25755
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583429
推荐引用方式 GB/T 7714	Ufuk Akcigit,Sina T. Ates. Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory. 2019.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w25755.pdf（436KB）	智库出版物		限制开放	CC BY-NC-SA	浏览