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.
Author: | Joachim WagnerORCiDGND |
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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 |