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  4. March 2001
  5. Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries

Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries

  • Boyan Jovanovic
Journal of Economic Literature
vol. 39, no. 1, March 2001
(pp. 105-119)
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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.

Citation

Jovanovic, Boyan. 2001. "Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries." Journal of Economic Literature, 39 (1): 105-119. DOI: 10.1257/jel.39.1.105

JEL Classification

  • L11 Production, Pricing, and Market Structure; Size Distribution of Firms
  • M13 New Firms; Startups
  • O33 Technological Change: Choices and Consequences; Diffusion Processes
  • L62 Automobiles; Other Transportation Equipment
  • L66 Food; Beverages; Cosmetics; Tobacco; Wine and Spirits