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dc.contributor.authorNevalainen, Annien_US
dc.date.accessioned2011-03-25T09:38:28Z-
dc.date.available2011-03-25T09:38:28Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/44513-
dc.description.abstractThis paper investigates the connection between firm entry and exit and labour productivity growth. The study has its theoretical foundations in modern Schumpeterian growth theory, distance to frontier model and vintage capital models. The importance of productivity enhancing restructuring has been increasingly acknowledged and all these theories depict the productivity enhancing effects that external restructuring - in particular firm entry and exit - may have. Despite the vast theoretical discussion there is only a little empirical research on the subject. Thus, this study aims at contributing to the existing empirical literature by utilizing panel data that contain information on all manufacturing subsectors from eight EU member states between 1997 and 2004. Empirical analysis is conducted with fixed effects panel regression. It is noted that firm turnover, especially firm entry enhances productivity growth, but the effects appear with a lag. Productivity enhancing effects of firm entry are the strongest three years after the initial entry. The effects of firm exit on labour productivity growth are also positive but more modest than the effects of firm entry. Results of the analysis suggest that the population of firm entrants is extremely heterogeneous.en_US
dc.language.isoengen_US
dc.publisherElinkeinoelämän Tutkimuslaitos Helsinkien_US
dc.relation.ispartofseriesETLA discussion paper 1152en_US
dc.subject.jelL6en_US
dc.subject.jelO4en_US
dc.subject.ddc330en_US
dc.subject.keywordLabour productivityen_US
dc.subject.keywordmanufacturingen_US
dc.subject.keywordfirm entryen_US
dc.subject.keywordfirm exiten_US
dc.subject.keywordmodern Schumpeterian growth theoryen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwMarkteintritten_US
dc.subject.stwMarktaustritten_US
dc.subject.stwSchumpeterismusen_US
dc.subject.stwEU-Staatenen_US
dc.titleLabour productivity and firm entry and exit in manufacturingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn575130334en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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