Creative Destruction and Organization Choice

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State: Public
Version: Final published version
Serval ID
serval:BIB_6C5A56FFE286
Type
Article: article from journal or magazin.
Collection
Publications
Title
Creative Destruction and Organization Choice
Journal
Quarterly Journal of Economics
Author(s)
Thesmar  D., Thoenig  M.
ISSN
0033-5533
Publication state
Published
Issued date
11/2000
Peer-reviewed
Oui
Volume
115
Number
4
Pages
1201-1239
Language
english
Abstract
Firms' organizational choices are influenced by external conditions such as the instability of the product market. In order to address this issue in a macroeconomic perspective, we embed the firm's choice of organizational structure in a model of growth through creative destruction, which induces endogenous market volatility. We find that an increasing supply of skill or globalization may increase the rate of creative destruction, the skill premium, and the skilled wages, and it may depress the unskilled wages. We use an original data set to test the empirical relevance of our theory.
Keywords
Growth, inequality, technology, labor, revolution, market
Web of science
Create date
28/08/2009 14:01
Last modification date
20/08/2019 15:26
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