000			02731cam a22003737 4500
001			w22953
003			NBER
005			20211020105047.0
006			m o d
007			cr cnu||||||||
008			210910s2016 mau fo 000 0 eng d
100	1		_aGarcia-Macia, Daniel.
245	1	0	_aHow Destructive is Innovation? / _cDaniel Garcia-Macia, Chang-Tai Hsieh, Peter J. Klenow.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2016.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w22953
500			_aDecember 2016.
520	3		_aEntrants and incumbents can create new products and displace the products of competitors. Incumbents can also improve their existing products. How much of aggregate productivity growth occurs through each of these channels? Using data from the U.S. Longitudinal Business Database on all nonfarm private businesses from 1983 to 2013, we arrive at three main conclusions: First, most growth appears to come from incumbents. We infer this from the modest employment share of entering firms (defined as those less than 5 years old). Second, most growth seems to occur through improvements of existing varieties rather than creation of brand new varieties. Third, own-product improvements by incumbents appear to be more important than creative destruction. We infer this because the distribution of job creation and destruction has thinner tails than implied by a model with a dominant role for creative destruction.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class.
690		7	_aO3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights _2Journal of Economic Literature class.
690		7	_aO4 - Economic Growth and Aggregate Productivity _2Journal of Economic Literature class.
690		7	_aO5 - Economywide Country Studies _2Journal of Economic Literature class.
700	1		_aHsieh, Chang-Tai. _913108
700	1		_aKlenow, Peter J. _914361
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w22953.
856	4	0	_uhttps://www.nber.org/papers/w22953
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w22953
942			_2ddc _cW-PAPER
999			_c325169 _d283731