DP13553 Fading Stars
Author(s): | Thomas Philippon |
Publication Date: | February 2019 |
Date Revised: | March 2019 |
Keyword(s): | |
JEL(s): | |
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.