Missing Growth from Creative Destruction

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow, Huiyu Li

NBER Working Paper No. 24023
Issued in November 2017, Revised in April 2018

---- Acknowledgments ----

We thank Raouf Boucekkine, Pablo Fajgelbaum, Colin Hottman and Stephen Redding for excellent discussions and Victoria De Quadros for superb research assistance. Ufuk Akcigit, Robert Feenstra, Chang- Tai Hsieh, Xavier Jaravel, Chad Jones, Per Krusell, Torsten Persson, Ben Pugsley, John Van Reenen and numerous seminar participants provided helpful comments. Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the Federal Reserve System, the U.S. Census Bureau, or the National Bureau of Economic Research. All results have been reviewed to ensure that no confidential information is disclosed.

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