IDEAS home Printed from https://ideas.repec.org/a/fip/fedpbr/y2008iq3p12-20.html
   My bibliography  Save this article

Creative destruction and aggregate productivity growth

Author

Listed:
  • Shigeru Fujita

Abstract

Productivity growth is the engine of economic growth and is responsible for rising standards of living. But all firms do not partake equally in the nation's productivity growth. Rather, according to economist Joseph Schumpeter's theory, firms undergo a process of \\"creative destruction\\": New firms that adapt to new knowledge cause the decline and eventual demise of incumbent firms. In \\"Creative Destruction and Aggregate Productivity Growth,\\" Shigeru Fujita surveys recent studies that examine the role of creative destruction in aggregate productivity growth.

Suggested Citation

  • Shigeru Fujita, 2008. "Creative destruction and aggregate productivity growth," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 12-20.
    • Handle: RePEc:fip:fedpbr:y:2008:i:q3:p:12-20
    as

    Download full text from publisher

    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2008/q3/brq308_geography-of-research.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ball, V. Eldon & San Juan, Carlos & Ulloa, Camilo, 2012. "State Productivity Growth: Catching Up and the Business Cycle," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123334, Agricultural and Applied Economics Association.
    2. Thorsten Drautzburg, 2016. "Just How Important Are New Businesses?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(4), pages 1-7, October.
    3. Ball, V. Eldon & San Juan, Carlos & Ulloa, Camilo A., 2011. "Agricultural productivity in the United States: catching-up and the business cycle," UC3M Working papers. Economics we1116, Universidad Carlos III de Madrid. Departamento de Economía.

    More about this item

    Keywords

    Productivity;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedpbr:y:2008:i:q3:p:12-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Beth Paul (email available below). General contact details of provider: https://edirc.repec.org/data/frbphus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.