Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25721 
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dc.contributor.authorCoad, Alexen
dc.contributor.authorRao, Rekhaen
dc.contributor.authorTamagni, Federicoen
dc.date.accessioned2008-07-01-
dc.date.accessioned2009-07-27T09:40:37Z-
dc.date.available2009-07-27T09:40:37Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/25721-
dc.description.abstractWe apply a reduced-form vector autoregression model to analyze the growth processes of Italian manufacturing firms, 1989-1997. We focus in particular on lead-lag associations describing the coevolution of employment growth, sales growth, growth of profits and labour productivity growth. Employment growth precedes sales growth and growth of profits, and in turn sales growth is also associated with subsequent profits growth. There appears to be little feedback of either sales or profits on employment growth, however. There is no clear association of employment growth with subsequent changes in labour productivity, although at the second lag there is a small negative association. Productivity growth, however, is positively associated with subsequent growth of employment and sales. Quantile autoregressions find asymmetries between growth processes for growing and shrinking firms.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2008,039en
dc.subject.jelL25en
dc.subject.jelL20en
dc.subject.ddc330en
dc.subject.keywordFirm growthen
dc.subject.keywordpanel VARen
dc.subject.keywordemployment growthen
dc.subject.keywordindustrial dynamicsen
dc.subject.keywordproductivity growthen
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwUnternehmenswachstumen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwArbeitsproduktivitäten
dc.subject.stwVAR-Modellen
dc.subject.stwPanelen
dc.subject.stwItalienen
dc.titleGrowth processes of Italian manufacturing firms-
dc.typeWorking Paperen
dc.identifier.ppn570987261en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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