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 |
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