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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/79699

    Title: Creative destruction over the business cycle: a stochastic frontier analysis
    Authors: Lin, Yi-Chen;Huang, Tai-Hsin
    Contributors: 淡江大學經濟學系
    Keywords: Creative destruction;Job creation;Technical efficiency;Total factor productivity
    Date: 2012-10
    Issue Date: 2013-01-09 13:02:42 (UTC+8)
    Publisher: New York: Springer New York LLC
    Abstract: 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.
    Relation: Journal of Productivity Analysis 38(3), pp.285-302
    DOI: 10.1007/s11123-012-0273-3
    Appears in Collections:[Graduate Institute & Department of Economics] Journal Article

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