{"id":423,"date":"2026-04-27T14:54:56","date_gmt":"2026-04-27T13:54:56","guid":{"rendered":"https:\/\/www.farhi-innovation-lab.fr\/?post_type=publication&#038;p=423"},"modified":"2026-04-27T14:54:56","modified_gmt":"2026-04-27T13:54:56","slug":"missing-growth-from-creative-destruction","status":"publish","type":"publication","link":"https:\/\/www.farhi-innovation-lab.fr\/fr\/publication\/missing-growth-from-creative-destruction\/","title":{"rendered":"Missing Growth from Creative Destruction"},"content":{"rendered":"<p class=\"wp-block-paragraph\">For exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviving products should systematically shrink. Using entering and exiting establishments to proxy for creative destruction, we estimate missing growth in US Census data on non-farm businesses from 1983 to 2013. We find missing growth (i) equaled about one-half a percentage point per year; (ii) arose mostly from hotels and restaurants rather than manufacturing; and (iii) did not accelerate much after 2005, and therefore does not explain the sharp slowdown in growth since then.<\/p>","protected":false},"excerpt":{"rendered":"<p>For exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviving products should systematically shrink. Using entering and exiting establishments to proxy for creative destruction, we estimate missing growth in US Census data on non-farm businesses [&hellip;]<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":true},"thematique":[78,49],"type-de-publication":[50],"class_list":["post-423","publication","type-publication","status-publish","hentry","thematique-creative-destruction","thematique-growth","type-de-publication-publication"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Missing Growth from Creative Destruction - Farhi Innovation Lab<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Missing Growth from Creative Destruction - Farhi Innovation Lab\" \/>\n<meta property=\"og:description\" content=\"For exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviving products should systematically shrink. Using entering and exiting establishments to proxy for creative destruction, we estimate missing growth in US Census data on non-farm businesses [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.farhi-innovation-lab.fr\/fr\/publication\/missing-growth-from-creative-destruction\/\" \/>\n<meta property=\"og:site_name\" content=\"Farhi Innovation Lab\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publication\\\/missing-growth-from-creative-destruction\\\/\",\"url\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publication\\\/missing-growth-from-creative-destruction\\\/\",\"name\":\"Missing Growth from Creative Destruction - Farhi Innovation Lab\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#website\"},\"datePublished\":\"2026-04-27T13:54:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publication\\\/missing-growth-from-creative-destruction\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publication\\\/missing-growth-from-creative-destruction\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publication\\\/missing-growth-from-creative-destruction\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/publications\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Missing Growth from Creative Destruction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#website\",\"url\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/\",\"name\":\"Farhi Innovation Lab\",\"description\":\"Economics of Institutions, Innovation, and Growth Chair\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#organization\",\"name\":\"Farhi Innovation Lab\",\"alternateName\":\"Farhi Innovation Lab\",\"url\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/web-app-manifest-512x512-1.png\",\"contentUrl\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/web-app-manifest-512x512-1.png\",\"width\":512,\"height\":512,\"caption\":\"Farhi Innovation Lab\"},\"image\":{\"@id\":\"https:\\\/\\\/www.farhi-innovation-lab.fr\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Missing Growth from Creative Destruction - Farhi Innovation Lab","robots":{"index":"noindex","follow":"follow"},"og_locale":"fr_FR","og_type":"article","og_title":"Missing Growth from Creative Destruction - Farhi Innovation Lab","og_description":"For exiting products, statistical agencies often impute inflation from surviving products. 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