Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries
- 1 March 2001
- journal article
- review article
- Published by American Economic Association in Journal of Economic Literature
- Vol. 39 (1) , 105-119
- https://doi.org/10.1257/jel.39.1.105
Abstract
The Demography of Corporations and Industries (2000) by Glenn R. Carroll and T. Michael Hannan is a welcome addition to a body of empirical analysis of firms and industries that studies the effects of technological change and other changes that occur over time. The book contains a wealth of facts, and some new insights too. It will make useful secondary reading in some graduate courses in economics, and I would recommend it to anyone whose research relates to the concept of creative destruction.Keywords
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