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| Author: | Dwyer, D. |
| Title: | Technology locks, creative destruction, and nonconvergence in productivity levels |
| Journal: | Review of Economic Dynamics
1998 : APR, VOL. 1:2, p. 430-473 |
| Index terms: | ECONOMIC DYNAMICS TECHNOLOGY PRODUCTIVITY |
| Language: | eng |
| Abstract: | Plant-level data from U.S. textile industries indicate (1) significant cross-sectional dispersion in plant-level productivity with narrowly defined industries, (2) that highly productive plants grow faster and are less likely to exit, (3) dispersion in productivity is larger in industries with more rapid productivity growth, (4) older plants are bigger, and (5) plants births and closures are common to all four-digit textile industries. This paper presents an extended vintage model to explain these facts. |
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