PubData Leuphana Repository: Entry, exit and productivity. Empirical results for German manufacturing industries

Please use this identifier to cite or link to this item: https://doi.org/10.48548/pubdata-1237

Resource type	Working Paper
Title(s)	Entry, exit and productivity. Empirical results for German manufacturing industries
DOI	10.48548/pubdata-1237
Handle	20.500.14123/1300
Creator	Wagner, Joachim 0000-0001-6058-4536 129798215
Abstract	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.
Language	English
Keywords	Productivity; Produktivität
Year of publication in PubData	2007
Publishing type	First publication
Publication version	Published version
Date issued	2007-04-02
Creation context	Research
Published by	Medien- und Informationszentrum, Leuphana Universität Lüneburg
Related resources	Relations of this publication Relations of this publication