Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries
Joachim Wagner ()
German Economic Review, 2010, vol. 11, 78-85
From a model by Hopenhayn, three hypotheses can be derived: (H1) Firms that exit in year t were less productive in t - 1 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. This paper uses unique newly available panel datasets for all manufacturing plants from Germany (1995-2002) to test these hypotheses. All three hypotheses are supported empirically for West and East Germany. Copyright 2009 The Author. Journal Compilation Verein für Socialpolitik and Blackwell Publishing Ltd. 2009.
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Journal Article: Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries (2010)
Working Paper: Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries (2007)
Working Paper: Entry, Exit and Productivity Empirical Results for German Manufacturing Industries (2007)
Working Paper: Enty, Exit and Productivitry - Empirical Results for German Manufacturing Industries (2007)
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