steady-state rate of accumulation of productive factors) by calibrating two of the "new" growth theory models …

Population growth has declined markedly in almost all major economies since the 1970s. We argue this trend has … important consequences for the process of firm dynamics and aggregate growth. We study a rich semi-endogenous growth model of … firm dynamics, and show analytically that a decline in population growth reduces creative destruction, increases average …

have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes … that other explanations, such as special interest politics or behavioral biases favoring the status quo also be considered …

's (1912) creative destruction and recent formalizations like Aghion and Howitt (1992). Turnover appears to "cause" growth; and …

This paper presents an endogenous growth model that explains the evolution of the first and second moments of … productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i … variance of aggregate productivity growth is determined mainly by the arrival rate of general innovations. Ceteris paribus, the …

This paper examines whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …

growth subject to firing costs suggests the rise of contract labor increased TFP in Indian manufacturing by 7.6%, occurring …-run growth rate …

-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … that economic growth is predicted to decrease the rate of bribe extraction under plausible assumptions, with the benefit to … effect is dampened if firms are less mobile. Our empirical analysis uses survey data collected from over 13,000 Vietnamese …

US, individual firms' stock returns correlate positively with their own productivity growth, yet the market return … correlates negatively with aggregate productivity growth, yet. This seeming fallacy of composition reflects Schumpeterian … productivity growth. Analogous reasoning explains prior findings that the market return correlates negatively with aggregate …