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Journal Articles Quarterly Journal of Economics Year : 2000

Creative Destruction and Organization Change

(1) ,
1
Mathias Thoenig
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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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Dates and versions

hal-00538064 , version 1 (20-11-2010)

Identifiers

  • HAL Id : hal-00538064 , version 1

Cite

David Thesmar, Mathias Thoenig. Creative Destruction and Organization Change. Quarterly Journal of Economics, 2000, Vol.115, n°4, pp.1201-1237. ⟨hal-00538064⟩

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