Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/34725
Authors: 
Wagner, Joachim
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers 2667
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 unique newly available panel data sets for all manufacturing plants from Germany (1995-2002). Again, all three hypotheses are supported empirically.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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