Resource title

Entry, exit and productivity empirical results for German manufacturing industries

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Resource description

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.

Resource author

Joachim Wagner

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Resource language

eng

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text/html

Resource resource URL

http://hdl.handle.net/10419/25622

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Adapt according to the presented license agreement and reference the original author.