Creative Destruction and Firm Organization Choice
从宏观视角将企业组织结构选择嵌入创造性破坏增长模型,发现技能供给增加或全球化会提高创造性破坏率、技能溢价和技能工资,压低非技能工资,并用原创数据集检验了理论。
Firms' organizational choices are influenced by external conditions such as the instability of the product market. In order to address this issue in a macroeconomic perspective, we embed the firm's choice of organizational structure in a model of growth through creative destruction, which induces endogenous market volatility. We find that an increasing supply of skill or globalization may increase the rate of creative destruction, the skill premium, and the skilled wages, and it may depress the unskilled wages. We use an original data set to test the empirical relevance of our theory.