By Philippe Aghion，Peter Howitt

Capitalism & Society, Volume 16, Issue 1 (2022)

Posted: 17 Jun 2022

Date Written: June 17, 2022

Abstract

This paper argues that the growth of large, efficient but anticompetitive superstar firms is responsible for the recent slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which is based on the concept of creative destruction.

Keywords

Economic Development, Innovation, Technological Change, and Growth, Antitrust Issues and Policies, Institutions and Growth

JEL Classification: O00,L40,O43