On the Timing and Efficiency of Creative Destruction

DOI10.2307/2946673MaRDI QIDQ5690037zbMATH OpenOpenAlexWikidataFDO

Authors Ricardo J. Caballero, Mohamad L. Hammour

Publication date 15 January 1997

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w4768.pdf

zbMATH Keywords

job reallocationrecessionsunemployment

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cited in

(17)

• Endogenous vs exogenously driven fluctuations in vintage capital models
• Creative destruction, investment volatility, and the average age of capital
• Innovation, growth, and welfare-improving cycles
• Numerical solution by iterative methods of a class of vintage capital models
• Growth and the cycle: Creative destruction versus entrenchment
• New monetarism with endogenous product variety and monopolistic competition
• Information rigidities and asymmetric business cycles
• Time-cost substitutability, earlycutting threat, and innovation timing
• Efficient v.s. equilibrium unemployment with match-specific costs
• Equilibrium in a durable goods market with lumpy adjustment
• Creative destruction and firm organization choice
• The Sullying Effect of Recessions
• How destructive is innovation?
• The Cost of Recessions Revisited: A Reverse-Liquidationist View
• Inefficient automation
• The determinants of firms' performance: can finance constraints improve technical efficiency?
• Entry and growth in a perfectly competitive vintage model

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