Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25622
Authors: 
Wagner, Joachim
Year of Publication: 
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

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