Technology Locks, Creative Destruction, and Non-Convergence in Productivity Levels

Douglas Dwyer

Working Papers from C.V. Starr Center for Applied Economics, New York University

Abstract: Plant-level data from US textile industries indicate : (1) significant cross-sectional dispersion in plant-level productivity within narrowly defined industries; (2) that highly productive plants grow faster and are less likely to exit; (3) dispersion in productivity is larger in industries with more rapid productivity growth; (4) older plants are bigger; and (5) plant births and closures are common to all four digit textile industries. This paper presents an extended vintage model to explain these facts.

Keywords: TEXTILE INDUSTRY; UNITED STATES (search for similar items in EconPapers)
JEL-codes: L67 (search for similar items in EconPapers)
Pages: 45 pages
Date: 1997
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