Discussion paper

DP13553 Fading Stars

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.

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Citation

Philippon, T (2019), ‘DP13553 Fading Stars‘, CEPR Discussion Paper No. 13553. CEPR Press, Paris & London. https://cepr.org/publications/dp13553