Impediments to the Schumpeterian Process in the Replacement of Large Firms
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Using newly-assembled data encompassing up to 75 countries and starting circa 1910, we find that the Schumpeterian process of creative destruction aptly describes the replacement of large firms by other firms, but exceptions to the norm of replacement are not rare and replacement is often not by new
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美国国家经济研究局创建时间：
2020-09-01
