In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries … markets, the failure of many newcomers and the expansion of successful ones. This process of creative destruction affects … impressive process of creative destruction and, amongst them, those that have progressed the most towards a market economy show …

model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses …

This paper documents that a process of industrial restructuring has been transforming the developed economies, where … about the cost of resisting this restructuring process. The goal of this paper is to identifywhether there is a cost …, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of …