Replication data for: Missing Growth from Creative Destruction
- Aghion, Philippe
- Bergeaud, Antonin
- Boppart, Timo
- Klenow, Peter J.
- Li, Huiyu
AbstractFor exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviving products should systematically shrink. Using entering and exiting establishments to proxy for creative destruction, we estimate missing growth in US Census data on non-farm businesses from 1983 to 2013. We find missing growth (i) equaled about one-half a percentage point per year; (ii) arose mostly from hotels and restaurants rather than manufacturing; and (iii) did not accelerate much after 2005, and therefore does not explain the sharp slowdown in growth since then.
Is supplement to
DOI: 10.1257/aer.20171745 (Text)
Aghion, Philippe, Antonin Bergeaud, Timo Boppart, Peter J. Klenow, and Huiyu Li. “Missing Growth from Creative Destruction.” American Economic Review 109, no. 8 (August 2019): 2795–2822. https://doi.org/10.1257/aer.20171745.
- ID: 10.1257/aer.20171745 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 3 | Registration Date: 2019-12-07