Replication data for: Missing Growth from Creative Destruction

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow & Huiyu Li
For exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviving products should systematically shrink. Using entering and exiting establishments to proxy for creative destruction, we estimate missing growth in US Census data on non-farm businesses from 1983 to 2013. We find missing growth (i) equaled about one-half a percentage point per year; (ii) arose mostly...
1 citation reported since publication in 2019.
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