Firm Dynamics and Growth Measurement in France
利用法国工厂普查数据，发现2004至2015年间统计机构因对消失产品通胀的插补方法，每年约遗漏0.5个百分点的实际产出增长，并揭示法美两国遗漏增长背后不同的企业生命周期动态。
Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. This paper uses the theory and methodology developed by Aghion et al. (2017) to quantify in the case of France how much of productivity growth is missed by statistical offices because of this. Using the census of plants in France, we find that from 2004 to 2015, about 0.5 percentage point of real output growth per year is not taken into account, which is about the same as what was found in the U.S. While this result suggests that missing growth from creative destruction could structurally be the same in different countries, we show that they in fact hide different underlying establishment and firm's lifecycle dynamics in the two countries.