An Empirical Model of Growth Through Product Innovation

Rasmus Lentz and Dale Mortensen

No WP2005-004, Boston University - Department of Economics - Working Papers Series from Boston University - Department of Economics

Abstract: Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth through innovation. The model is a modified version of the Schumpeterian theory of firm evolution and growth developed by Klette and Kortum (2002). The data set is a panel of Danish firms than includes information on value added, employment, and wages. The model’s fit is good and the structural parameter estimates have interesting implications for the aggregate growth rate and the contribution of worker reallocation to it.

Pages: 37 pages
Date: 2005-01
References: Add references at CitEc
Citations: View citations in EconPapers (31)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: An Empirical Model of Growth Through Product Innovation (2008)
Working Paper: An Empirical Model of Growth Through Product Innovation (2005)
Working Paper: An Empirical Model of Growth Through Product Innovation (2005)
Working Paper: An Empirical Model of Growth Through Product Innovation (2005)
Working Paper: An Empirical Model of Growth Through Product Innovation (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bos:wpaper:wp2005-004

Access Statistics for this paper

More papers in Boston University - Department of Economics - Working Papers Series from Boston University - Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Program Coordinator ().