Mergers as Reallocation

Boyan Jovanovic () and Peter Rousseau ()

No 9279, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We argue that takeovers have played a major role in speeding up the diffusion of new technology. The role that they play is similar to that of entry and exit of firms. We focus on and compare two periods: 1890-1930 during which electricity and the internal combustion engine spread through the U.S. economy, and 1971-2001 . the Information Age.

JEL-codes: O3 L2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-dge, nep-ent and nep-mic
Date: 2002-10
Note: DAE EFG PR
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Journal Article: Mergers as Reallocation (2008)
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