Fading Stars

30 Pages Posted: 7 Mar 2019 Last revised: 11 Mar 2019

See all articles by Thomas Philippon

Thomas Philippon

New York University (NYU) - Department of Finance; National Bureau of Economic Research (NBER)

Date Written: February 2019

Abstract

We study the evolution of super star firms in the U.S. economy over the past 60 years. Contrary to common wisdom, sup-er stars firms have not become larger, have not become more productive, and contribution of star firms to aggregate U.S. productivity growth has fallen by more than one third since 2000.

Suggested Citation

Philippon, Thomas, Fading Stars (February 2019). CEPR Discussion Paper No. DP13553. Available at SSRN: https://ssrn.com/abstract=3346343

Thomas Philippon (Contact Author)

New York University (NYU) - Department of Finance ( email )

Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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