Defensive Hiring and Creative Destruction
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下载链接:
https://www.nber.org/papers/w33588
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资源简介:
Defensive hiring of researchers by incumbent firms with monopsony power reduces creative destruction. This mechanism helps explain the simultaneous rise in R&D spending and decline in TFP growth in the US economy over recent decades. We develop a simple model highlighting the critical role of the
提供机构:
美国国家经济研究局
创建时间:
2025-03-01



