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Cited by 490

The DOI matches its Crossref record; 48 of the 48 references it cites were found in a registry or an index.

Product Creation and Destruction: Evidence and Price Implications

Broda, Christian, Weinstein, David E·2010·American Economic Review
DOI 10.1257/aer.100.3.691
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Abstract

This paper describes the extent of product creation and destruction in a large sector of the US economy. We find four times more entry and exit in product markets than is found in labor markets because most product turnover happens within firms. Net product creation is strongly procyclical and primarily driven by creation rather than destruction. We find that a cost-of-living index that takes product turnover into account is 0.8 percentage points per year lower than a “fixed goods” price index like the CPI. The procyclicality of the bias implies that business cycles are more volatile than indicated by official statistics. (JEL E31, E32, L11, O31)

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Registry

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Metadata

Authors
Broda, C., & Weinstein, D. E.
Venue
American Economic Review
Publisher
American Economic Association
Published
2010-06-01
Volume
100
Issue
3
Pages
691-723
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.100.3.691
OpenAlex
W2048115123
Cited by
490
References
48
FWCI
62.44
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Product Creation and Destruction: Evidence and Price Implications. https://app.cochat.ai/papers/10.1257/aer.100.3.691
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Broda, C., & Weinstein, D. E. (2010). Product Creation and Destruction: Evidence and Price Implications. American Economic Review. https://doi.org/10.1257/aer.100.3.691

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.