The contribution of firm-level shocks to aggregate fluctuations: The case of Sweden

Richard Friberg and Mark Sanctuary

Economics Letters, 2016, vol. 147, issue C, 8-11

Abstract: We use annual observations on sales at the firm-destination level of all Swedish firms for 1997–2008 to examine the contribution of firm-level shocks to aggregate fluctuations. The firm-specific and sector-destination components each contribute about equally to aggregate sales volatility. For export volatility, the firm-specific component is more important. The analysis is conducted so as to ease a comparison to earlier results using French data. Compared to the French case the Swedish data show greater granularity and greater overall volatility, but also a lower firm-level contribution to aggregate volatility.

Keywords: Firm heterogeneity; Aggregate fluctuations; Granularity (search for similar items in EconPapers)
JEL-codes: D20 E32 F41 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:8-11

DOI: 10.1016/j.econlet.2016.08.009

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