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    政大機構典藏 > 商學院 > 金融學系 > 會議論文 >  Item 140.119/74662
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/74662

    Title: Creative destruction over the business cycle: A stochastic frontier analysis
    Authors: Lin, Y.-C.;Huang, Tai-Hsin
    Contributors: 金融系
    Date: 2012
    Issue Date: 2015-04-17 12:07:36 (UTC+8)
    Abstract: This paper examines the within-industry distributions of jobs created and destructed across plants in terms of technical efficiency, technical efficiency change, scale effect, and technical change. It further investigates how these distributions vary with economic activity. By applying the stochastic frontier analysis to plant-level longitudinal data on Taiwan's 23 two-digit manufacturing industries spanning the period 1992-2003, we find that jobs created (destructed) are disproportionately clustered at plants with lower technical efficiency but higher rate of technical change. A fall in economic activities is associated with a statistically significant decrease (increase) in the fraction of newly created (destructed) jobs accounted for by plants with a higher rate of technical change, indicating that creative destruction is more pronounced during economic contractions. © 2012 Springer Science+Business Media, LLC.
    Relation: Journal of Productivity Analysis, 38(3), 285-302
    Data Type: conference
    DOI 連結: http://dx.doi.org/10.1007/s11123-012-0273-3
    DOI: 10.1007/s11123-012-0273-3
    Appears in Collections:[金融學系] 會議論文

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