Young Firms, Old Capital
收藏NBER2021-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29189
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资源简介：
Across a broad range of equipment types and industries, we document a pattern of local capital reallocation from older firms to younger firms. Start-ups purchase a disproportionate share of old physical capital previously owned by more mature firms. The evidence is consistent with financial
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美国国家经济研究局创建时间：
2021-08-01
