@techreport{Wagner2007Entry,
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.},
address = {Jena},
author = {Joachim Wagner},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {L11; L60; entry; exit; productivity; Verarbeitendes Gewerbe; Produktivit\"{a}t; Unternehmensentwicklung; Markteintritt; Marktaustritt; Deutschland},
language = {eng},
number = {2007,064},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {Entry, exit and productivity empirical results for German manufacturing industries},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/25622},
year = {2007}
}
