Fading Stars

Thomas Philippon

No 13553, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We study the evolution of super star firms in the U.S. economy over the past 60 years. Contrary to common wisdom, sup-er stars firms have not become larger, have not become more productive, and contribution of star firms to aggregate U.S. productivity growth has fallen by more than one third since 2000.

Date: 2019-02
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