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dc.contributor.authorCoad, Alexanderen_US
dc.date.accessioned2008-02-20en_US
dc.date.accessioned2010-05-14T11:16:42Z-
dc.date.available2010-05-14T11:16:42Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/31848-
dc.description.abstractWe attempt to describe the coevolution of employment growth, sales growth and growth of profits in a panel of French manufacturing firms 1996-2004. Our analysis entails ‘recursive’ panel vector autoregressions, whereby we impose the structure of employment growth leading to contemporaneous sales growth, which in turn is associated with contemporaneous growth of profits. We observe that whilst employment growth has a direct negative association with profit growth, there are indirect effects through which employment growth leads to sales growth which in turn has a large effect on profits growth. The net effect of employment growth is thus positive growth of profits. Counter to some ‘replicator dynamics’ theories of industrial development, profit growth is not followed by much subsequent growth of employment.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0715en_US
dc.subject.jelL20en_US
dc.subject.jelL25en_US
dc.subject.ddc330en_US
dc.subject.keywordFirm Growthen_US
dc.subject.keywordPanel VARen_US
dc.subject.keywordRecursive VARen_US
dc.subject.keywordEmployment Growthen_US
dc.subject.keywordIndustrial Dynamicsen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwPersonalbestanden_US
dc.subject.stwUmsatzen_US
dc.subject.stwGewinnen_US
dc.subject.stwEvolutionsökonomiken_US
dc.subject.stwIndustrieökonomiken_US
dc.subject.stwFrankreichen_US
dc.titleDisentangling the firm growth process: evidence from a recursive panel VARen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558683177en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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