Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries
Jovanovic, Boyan. 2001. "Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries."
Journal of Economic Literature,
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)
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