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- Jena Economic Resea...
- Volume 1
- Entry, Exit and Pro...
Entry, Exit and Productivity - Empirical Results for German Manufacturing Industries
- Autor(in)
- Erschienen
- 12. September 2007
- Nummer des Discussion-Papers
-
2007-064
- Schlagwort(e)
-
entry
exit
productivity
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- L11 - Production, Pricing, and Market Structure; Size Distribution of Firms ; L60 - General