Investmentless Growth: An Empirical Investigation

By Germán Gutiérrez, Thomas Philippon. 2016

411 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a79d4e4ea4d27828e4d7acd310a87054356b7b5a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

What Happened to US Business Dynamism? (2019, positive): “For instance, the higher entry cost accounts for 18 percent of the decline in entry rate, corroborating the findings in the recent work by Gutiérrez et al. (2019). Its negative effect on entry generates 22 percent of the decline in job reallocation.”
Common-Ownership Concentration and Corporate Conduct (2018, background): “Gutiérrez & Philippon (2016) show that the rise of industry concentration and common ownership is correlated with firms’ reluctance to invest despite high profits, both within and across industries; see also Panayides & Thomas (2017); see Gutiérrez & Philippon (2017) for causal evidence.”
Productivity and Misallocation in General Equilibrium* (2017, neutral): “GP corresponds to the Gutiérrez and Philippon (2016) markups, LI is markups according to the Lerner Index, and DE is using markup data from”
From Good to Bad Concentration? US Industries over the Past 30 Years (2019, background): “Moreover, in Gutiérrez and Philippon (2017a), we compare the evolution of the 5 industries that concentrate the most in the US against Europe.”
Declining Labor and Capital Shares (2020, background): “This paper is complementary to the independent and contemporaneous work of Gutiérrez and Philippon (2016) and Autor et al. (2017).”
Are Low Real Interest Rates Here to Stay (2017, background): “For example, rising short-termism (Gutiérrez and Philippon 2016) or the decline in capital intensity of production (Summers 2013) could also be pushing down on real rates.”
Declining Competition and Investment in the U.S. (2017, positive): “In particular, we group detailed industries to ensure each group has at least ~10 firms, on average, from 1990 - 2015 and it contributes a material share of investment (see Gutiérrez and Philippon (2016) for details on the investment dataset).”
Kaldor and Piketty’s facts: The rise of monopoly power in the United States (2021, positive): “Philippon and Gutierrez (2016) show that investment is weak relative to measures of profitability and valuation, particular Tobin’s Q.”