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Creative Destruction and Firm Organization Choice

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.
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Submitted on : Friday, May 21, 2010 - 10:12:32 AM
Last modification on : Sunday, January 19, 2020 - 6:38:15 PM

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David Thesmar, Mathias Thoenig. Creative Destruction and Firm Organization Choice. Quarterly Journal of Economics, Oxford University Press (OUP), 2000, Vol.115,n°4, pp.1201-1237. ⟨10.1162/003355300555051⟩. ⟨hal-00485579⟩

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