The Cleansing Effect of Recessions
收藏NBER1991-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3922
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资源简介：
This paper investigates the response of industries to cyclical variations in demand in the context of a vintage model of?creative destruction.? Due to process and product innovation, production units that embody the newest techniques are continuously being created, and outdated units are being
提供机构：
美国国家经济研究局
创建时间：
1991-12-01
