TY - JOUR

T1 - Entry, Exit and Productivity

T2 - Empirical Results for German Manufacturing Industries

AU - Wagner, Joachim

N1 - Literaturverz. S. 85

PY - 2010/2

Y1 - 2010/2

N2 - From a model by Hopenhayn, three hypotheses can be derived: (H1) Firms that exit in year t were less productive in t- 1 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. This paper uses unique newly available panel datasets for all manufacturing plants from Germany (1995-2002) to test these hypotheses. All three hypotheses are supported empirically for West and East Germany. © 2009 The Author. Journal Compilation © Verein für Socialpolitik and Blackwell Publishing Ltd.

AB - From a model by Hopenhayn, three hypotheses can be derived: (H1) Firms that exit in year t were less productive in t- 1 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. This paper uses unique newly available panel datasets for all manufacturing plants from Germany (1995-2002) to test these hypotheses. All three hypotheses are supported empirically for West and East Germany. © 2009 The Author. Journal Compilation © Verein für Socialpolitik and Blackwell Publishing Ltd.

KW - Economics

KW - Entry

KW - Exit

KW - Productivity

UR - http://www.scopus.com/inward/record.url?scp=73549086758&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/69366f9d-b9c1-35d7-8d14-6331f0c7d739/

U2 - 10.1111/j.1468-0475.2009.00462.x

DO - 10.1111/j.1468-0475.2009.00462.x

M3 - Journal articles

VL - 11

SP - 78

EP - 85

JO - German Economic Review

JF - German Economic Review

SN - 1465-6485

IS - 1

ER -