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Journal of Economic Literature: Vol. 39 No. 1 (March 2001)

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

Article 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

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.

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Jovanovic, Boyan (U Chicago and NYU)

JEL Classifications

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


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