Template-Type: ReDIF-Paper 1.0

Author-Name: Rasmus Lentz
Author-X-Name-First: Rasmus 			
Author-X-Name-Last:  Lentz
Author-Email: rlentz@bu.edu
Author-Workplace-Name: Department of Economics, Boston University
 

Author-Name: Dale T. Mortensen
Author-X-Name-First: Dale 		
Author-X-Name-Last: Mortensen
Author-Email: 
Author-Workplace-Name: Department of Economics, Northwestern University


Title: An Empirical Model of Growth Through Product Innovation



Abstract: Productivity dispersion across firms is large and persistent, and
worker reallocation among firms is an important source of productivity
growth. The purpose of the paper is to estimate the structure
of an equilibrium model of growth through innovation. The model
is a modified version of the Schumpeterian theory of firm evolution
and growth developed by Klette and Kortum (2002). The data set
is a panel of Danish firms than includes information on value added,
employment, and wages. The model’s fit is good and the structural
parameter estimates have interesting implications for the aggregate
growth rate and the contribution of worker reallocation to it.

Length:37 pages
Creation-Date:2005-01
Revision-Date: 
Publication-Status:
File-URL:http://www.bu.edu/econ/workingpapers/papers/Rasmus%20Lentz/wp2005/emp_growth.pdf
File-Format: Application/pdf
File-Function: 
Number: WP2005-004
Classification-JEL: 
Keywords: 
Handle: RePEc:bos:wpaper:WP2005-004