Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
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https://www.nber.org/papers/w11555
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There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved;
提供机构:
美国国家经济研究局
创建时间:
2005-08-01



