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Read More.pdf

ALM_2018_JME.pdf
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🔗 Source: gps.ucsd.edu
📊 Size: 587 KB
👤 Author: David Argente
⬇️ Downloads: 62

Summary

We use detailed product- and firm-level data to study innovation and productivity growth from 2007 to 2013, documenting that around 8% of products are reallocated every quarter, with most reallocation occurring within firms. Product reallocation is pro-cyclical, declining by over 25% during the Great Recession, mainly due to a decline in within-firm reallocation. We find that the rate of product reallocation depends on firms' innovation efforts and has implications for revenue growth, product quality, and productivity dynamics, suggesting that the decline in product reallocation contributed to slow growth after the Great Recession.

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Description

We use detailed product- and firm-level data to study innovation and productivity growth from 2007 to 2013, documenting that around 8% of products are...

Technical Information

  • File Format: PDF
  • File Size: 587 KB
  • Pages: 20
  • Language: EN
  • Author: David Argente
  • Total Downloads: 62
  • Last Updated: 7 hours ago

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