Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries

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dc.creatorBartelsman, Eric
dc.creatorHaltiwanger, John
dc.creatorScarpetta, Stefano
dc.date2014-03-27T19:38:54Z
dc.date2014-03-27T19:38:54Z
dc.date2004-12
dc.date.accessioned2026-07-01T01:29:44Z
dc.descriptionIn this paper the authors provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. They rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The novelty of their approach is in the harmonization of firm-level data across countries, which enables international comparisons and the identification of country-specific factors as opposed to sector and time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all markets, the failure of many newcomers and the expansion of successful ones. This process of creative destruction affects productivity directly by reallocating resources toward more productive uses, but also indirectly through the effects of increased market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly similar across industrial countries, post-entry performance differs markedly between Europe and the United States, a potential indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more impressive process of creative destruction and, those that have progressed the most toward a market economy show better outcomes from this process. Finally, Mexico shows large firm dynamics with many new firms entering the battle but also many failing rapidly, while Argentina resembles Continental Europe with smaller flows and less impressive post-entry growth of successful firms.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/12/5587902/microeconomic-evidence-creative-destruction-industrial-developing-countries
dc.identifierhttps://hdl.handle.net/10986/17423
dc.identifierhttps://doi.org/10.1596/1813-9450-3464
dc.identifier.urihttp://hdl.handle.net/123456789/418606
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 3464
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBARRIERS TO ENTRY
dc.subjectBASIC METALS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL MARKETS
dc.subjectCIVIL SERVICE
dc.subjectCOUNTRY COMPARISONS
dc.subjectDEMOGRAPHICS
dc.subjectDEVELOPING COUNTRIES
dc.subjectECONOMIC CONDITIONS
dc.subjectEFFICIENCY IMPROVEMENTS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEXPANSION
dc.subjectFINANCIAL MARKETS
dc.subjectFIRM SIZE
dc.subjectFIRMS
dc.subjectFISHING
dc.subjectFIXED COSTS
dc.subjectFOOD PRODUCTS
dc.subjectFORESTRY
dc.subjectINNOVATION
dc.subjectINSURANCE
dc.subjectLABOR PRODUCTIVITY
dc.subjectMARKET ECONOMIES
dc.subjectMINING
dc.subjectPENSIONS
dc.subjectPETROLEUM
dc.subjectPRODUCERS
dc.subjectPRODUCTION TECHNOLOGY
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFITABILITY
dc.subjectRECYCLING
dc.subjectRESEARCH AGENDA
dc.subjectSIZE OF FIRMS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL FIRMS
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGICAL FACTORS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT
dc.subjectTURBULENCE
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYMENT
dc.subjectVENEZUELA
dc.subjectWATER SUPPLY
dc.titleMicroeconomic Evidence of Creative Destruction in Industrial and Developing Countries

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