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Productivity and employment dynamics of US manufacturing plants

Yoonsoo Lee and Toshihiko Mukoyama ()

Economics Letters, 2015, vol. 136, issue C, 190-193

Abstract: This study estimates the plant-level dynamics of productivity and employment in the United States. We use the Annual Survey of Manufactures from the US Census Bureau for the period 1972–1997. Applying the system generalized method of moments estimation developed by Blundell and Bond (1998), we find that productivity and employment processes are both strongly persistent.

Keywords: Plant-level productivity; Plant-level employment; Dynamic panel estimation (search for similar items in EconPapers)
JEL-codes: E23 E24 L11 L60 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:eee:ecolet:v:136:y:2015:i:c:p:190-193