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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27015 |
来源ID | Working Paper 27015 |
Innovative Growth Accounting | |
Peter J. Klenow; Huiyu Li | |
发表日期 | 2020-04-20 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Recent work highlights a falling entry rate of new firms and a rising market share of large firms in the United States. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms doing the innovating. We trace how much each firm innovates by the rate at which it opens and closes plants, the market share of those plants, and how fast its surviving plants grow. Using data on all nonfarm businesses from 1982–2013, we find that new and young firms (ages 0 to 5 years) account for almost one-half of growth – three times their share of employment. Large established firms contribute only one-tenth of growth despite representing one-fourth of employment. Older firms do explain most of the speedup and slowdown during the middle of our sample. Finally, most growth takes the form of incumbents improving their own products, as opposed to creative destruction or new varieties. |
主题 | Development and Growth ; Innovation and R& ; D ; Growth and Productivity ; Country Studies |
URL | https://www.nber.org/papers/w27015 |
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/584687 |
推荐引用方式 GB/T 7714 | Peter J. Klenow,Huiyu Li. Innovative Growth Accounting. 2020. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27015.pdf(569KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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