Fading Stars

German Gutierrez () and Thomas Philippon ()

No 25529, NBER Working Papers from National Bureau of Economic Research, Inc

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

JEL-codes: D2 E22 E24 F6 G3 L1 O3 O4 (search for similar items in EconPapers)
Date: 2019-02
New Economics Papers: this item is included in nep-gro, nep-his and nep-mac
Note: CF EFG IO PR
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Published as GermÁn GutiÉrrez & Thomas Philippon, 2019. "Fading Stars," AEA Papers and Proceedings, vol 109, pages 312-316.

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