文章基本信息

标题：Missing growth from creative destruction
本地全文：下载
作者：Philippe Aghion ; Antonin Bergeaud ; Timo Boppart 等
期刊名称：CEP Discussion Paper
出版年度：2017
卷号：2017
语种：English
出版社：Centre for Economic Performance
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).
关键词：growth