期刊名称：Business Review - Federal Reserve Bank of Philadelphia
印刷版ISSN：0007-7011
出版年度：2008
卷号：3
出版社：Federal Reserve Bank of Philadelphia
摘要：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 this article, Shigeru
Fujita surveys recent studies that examine the role of
creative destruction in aggregate productivity growth.
