Empirical research analyzes employment changes in innovative firms, highlighting economic restructuring.
IntroductionCreative destruction is a restructuring concept within an economy where it is argued that new, more innovative, and more productive firms replace less innovative, less productive ones (Schumpeter, 1942). The efficient reallocation of resources between these growing and shrinking firms is critical to aggregate employment and productivity growth. Empirical research
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Hendrickson et al. (2016) studied this question.
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