Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162680
Authors: 
Fernández, Cristina
García, Roberto
Lopez-Garcia, Paloma
Marzinotto, Benedicta
Serafini, Roberta
Vanhala, Juuso
Wintr, Ladislav
Year of Publication: 
2017
Series/Report no.: 
ECB Working Paper 2048
Abstract: 
This paper illustrates the main features of the Labour Module of the CompNet dataset which provides indicators of firm growth over the period 1995-2012 across 17 EU (13 euro area) countries and 9 macro-sectors. It also includes information on a large set of micro-aggregated characteristics of firms growing at different speed such as their financial position and labour and total factor productivity. The paper shows that during the Great Recession the share of shrinking firms sharply increased in countries under stress, while firm growth slowed down in non-stressed countries. In the former, the construction sector suffered the most, while in the latter manufacturing and services related to transportation and storage were mainly affected, possibly as a result of the trade collapse. While we find that, all else equal, more productive firms had a higher probability of growing, the process of productivity-enhancing reallocation was muted during the Great Recession.
Subjects: 
firm growth
micro-aggregated data
cross-country analysis
JEL: 
J23
L11
L25
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-2770-3
Document Type: 
Working Paper

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