Firm Dynamics and Growth Measurement in France

Philippe Aghion (), Antonin Bergeaud, Timo Boppart and Simon Bunel
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Philippe Aghion: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, Collège de France - Chaire Economie des institutions, de l'innovation et de la croissance - CdF (institution) - Collège de France

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Abstract: Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Philippe Aghion, Antonin Bergeaud, Timo Boppart & Simon Bunel use the theory and methodology developed by Aghion et al. (2017) to quantify in the case of France how much of productivity growth is missed by statistical offices because of this. Using the census of plants in France, they find that from 2004 to 2015, about 0.5 percentage point of real output growth per year is not taken into account, which is about the same as what was found in the U.S. While this result suggests that missing growth from creative destruction could structurally be the same in different countries, the authors show that they in fact hide different underlying establishment and firm's lifecycle dynamics in the two countries.

Date: 2018-08
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Citations: View citations in EconPapers (19)

Published in Journal of the European Economic Association, 2018, 16 (4), pp.933-956. ⟨10.1093/jeea/jvy031⟩

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Journal Article: Firm Dynamics and Growth Measurement in France (2018)
Working Paper: Firm Dynamics and Growth Measurement in France (2018)
Working Paper: Firm Dynamics and Growth Measurement in France (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01883572

DOI: 10.1093/jeea/jvy031

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