Fading Stars

Germán Gutiérrez & Thomas Philippon
Working Paper 25529
DOI 10.3386/w25529
Issue Date

We study the evolution of super star firms in the U.S. economy over the past 60 years. Contrary to common wisdom, super stars firms have not become larger, have not become more productive, and the contribution of star firms to aggregate U.S. productivity growth has fallen by more than one third since 2000.

Published Versions

GermÁn GutiÉrrez & Thomas Philippon, 2019. "Fading Stars," AEA Papers and Proceedings, vol 109, pages 312-316. citation courtesy of

Related

Topics

Microeconomics
Households and Firms
Macroeconomics
Consumption and Investment
International Economics
Globalization and International Relations
Financial Economics
Corporate Finance
Industrial Organization
Market Structure and Firm Performance
Development and Growth
Innovation and R&D
Growth and Productivity

Programs

Corporate Finance
Economic Fluctuations and Growth
Industrial Organization
Productivity, Innovation, and Entrepreneurship

Conferences

SI 2019 Conference on Research in Income and Wealth

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