EconPapers    
Economics at your fingertips  
 

Missing Growth from Creative Destruction

Philippe Aghion, Antonin Bergeaud (), Timo Boppart (), Pete Klenow and Huiyu Li

No 12431, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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).

Date: 2017-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=12431 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Missing Growth from Creative Destruction (2019) Downloads
Working Paper: Missing Growth from Creative Destruction (2019)
Working Paper: Missing Growth from Creative Destruction (2018) Downloads
Journal Article: Missing Growth from Creative Destruction (2017) Downloads
Working Paper: Missing Growth from Creative Destruction (2017) Downloads
Working Paper: Missing Growth from Creative Destruction (2017) Downloads
Working Paper: Missing growth from creative destruction (2017) Downloads
Working Paper: Missing Growth from Creative Destruction (2017) Downloads
Working Paper: Missing Growth from Creative Destruction (2017) Downloads
Working Paper: Missing Growth from Creative Destruction (2017) Downloads
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:cpr:ceprdp:12431

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=12431

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2019-11-14
Handle: RePEc:cpr:ceprdp:12431