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Title:Entry, exit and productivity empirical results for German manufacturing industries PDF Logo
Authors:Wagner, Joachim
Issue Date:2007
Series/Report no.:Jena economic research papers 2007,064
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.
Subjects:entry
exit
productivity
JEL:L11
L60
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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