Download This PaperCreative Destruction and US Economic Growth
11 Pages Posted: 17 Jun 2022
Date Written: June 17, 2022
Abstract
This paper argues that the growth of large, efficient but anticompetitive superstar firms is responsible for the recent slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which is based on the concept of creative destruction.
Keywords: Economic Development, Innovation, Technological Change, and Growth, Antitrust Issues and Policies, Institutions and Growth
JEL Classification: O00,L40,O43
Suggested Citation: Suggested Citation
Aghion, Philippe and Howitt, Peter, Creative Destruction and US Economic Growth (June 17, 2022). Capitalism & Society, Volume 16, Issue 1 (2022), Available at SSRN: https://ssrn.com/abstract=4138770
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