DP13553 Fading Stars
|Publication Date:||February 2019|
|Date Revised:||March 2019|
|Programme Areas:||Financial Economics, Economic History, Macroeconomics and Growth|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=13553|
We study the evolution of super star firms in the U.S. economy over the past 60 years. Contrary to common wisdom, sup-er stars firms have not become larger, have not become more productive, and contribution of star firms to aggregate U.S. productivity growth has fallen by more than one third since 2000.