Bellmann, Lutz; Boeri, Tito - In: Economics of Innovation and New Technology 5 (1998) 2-4, pp. 325-343
Schumpeterian creative destruction occurs not only at the industry level, but also with each firm trying to maintain or improve its position in the technology race. Based on a rich data set on more than 4,000 German business units, this paper shows that the simultaneous occurrence of hiring and...