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    題名: Creative destruction over the business cycle: a stochastic frontier analysis
    作者: Lin, Yi-Chen;Huang, Tai-Hsin
    貢獻者: 淡江大學經濟學系
    關鍵詞: Creative destruction;Job creation;Technical efficiency;Total factor productivity
    日期: 2012-12
    上傳時間: 2013-01-09 13:02:42 (UTC+8)
    出版者: New York: Springer New York LLC
    摘要: This paper examines the within-industry distributions of jobs created and destructed across plants in terms of technical efficiency, technical efficiency change, scale effect, and technical change. It further investigates how these distributions vary with economic activity. By applying the stochastic frontier analysis to plant-level longitudinal data on Taiwan’s 23 two-digit manufacturing industries spanning the period 1992–2003, we find that jobs created (destructed) are disproportionately clustered at plants with lower technical efficiency but higher rate of technical change. A fall in economic activities is associated with a statistically significant decrease (increase) in the fraction of newly created (destructed) jobs accounted for by plants with a higher rate of technical change, indicating that creative destruction is more pronounced during economic contractions.
    關聯: Journal of Productivity Analysis 38(3), pp.285-302
    DOI: 10.1007/s11123-012-0273-3
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