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Entry, exit and productivity. Empirical results for German manufacturing industries

  • Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more productive than non-surviving firms from this cohort in the start year. Results for Spain support all three hypotheses. This paper replicates the study using a unique newly available panel data sets for all manufacturing plants from Germany (1995 – 2002). Again, all three hypotheses are supported empirically.

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Metadaten
Author:Joachim Wagner
URL: https://pub-data.leuphana.de/frontdoor/index/index/docId/466
Document Type:Report
Language:English
Year of Completion:2007
Date of Publication (online):2007/04/02
Release Date:2007/04/02
Tag:Entry; exit; productivity
GND Keyword:Anfang; Ende; Produktivität
Institutes:Universität / Frühere Fachbereiche
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft