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.
Verfasserangaben: | Joachim WagnerORCiDGND |
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URN: | urn:nbn:de:gbv:luen4-opus4-4669 |
URL: | https://pub-data.leuphana.de/frontdoor/index/index/docId/466 |
Schriftenreihe (Bandnummer): | University of Lüneburg Working paper series in economics (44) |
Dokumentart: | Research Paper |
Sprache: | Englisch |
Erscheinungsjahr: | 2007 |
Datum der Veröffentlichung (online): | 02.04.2007 |
Datum der Freischaltung: | 02.04.2007 |
Freies Schlagwort / Tag: | Entry; exit; productivity |
GND-Schlagwort: | Anfang; Ende; Produktivität |
Fakultät / Forschungszentrum: | Universität / Frühere Fachbereiche |
DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |