Foster, Lucia Smith; Haltiwanger, John; Grim, Cheryl - National Bureau of Economic Research (NBER) - 2014
The high pace of reallocation across producers is pervasive in the U.S. economy. Evidence shows this high pace of reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics in recessions are "cleansing" is an open question....