Mergers as Reallocation

Boyan Jovanovic () and Peter Rousseau

No 9279, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We argue that takeovers have played a major role in speeding up the diffusion of new technology. The role that they play is similar to that of entry and exit of firms. We focus on and compare two periods: 1890-1930 during which electricity and the internal combustion engine spread through the U.S. economy, and 1971-2001 . the Information Age.

JEL-codes: L2 O3 (search for similar items in EconPapers)
Date: 2002-10
New Economics Papers: this item is included in nep-com, nep-dge, nep-ent and nep-mic
Note: DAE EFG PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

Published as Boyan Jovanovic & Peter L. Rousseau, 2008. "Mergers as Reallocation," The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 765-776, 07.

Downloads: (external link)
http://www.nber.org/papers/w9279.pdf (application/pdf)

Related works:
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:nbr:nberwo:9279

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w9279

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().