TY - UNPB

T1 - Entry, exit and productivity

T2 - empirical results for German manufacturing industries

AU - Wagner, Joachim

N1 - Literaturverz. S. 15 - 16

PY - 2007

Y1 - 2007

N2 - 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 unique newly available panel data sets for all manufacturing plants from Germany (1995-2002). Again, all three hypotheses are supported empirically.

AB - 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 unique newly available panel data sets for all manufacturing plants from Germany (1995-2002). Again, all three hypotheses are supported empirically.

KW - Economics

KW - Entry

KW - Exit

KW - productivity

M3 - Working papers

T3 - Working paper series in economics

BT - Entry, exit and productivity

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -