EconPapers    
Economics at your fingertips  
 

Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries

Joachim Wagner ()

No 2667, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: entry; productivity; exit (search for similar items in EconPapers)
JEL-codes: L11 L60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-com, nep-eff, nep-ent, nep-ind and nep-tid
Date: 2007-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in: German Economic Review 2010, 11(1), 78-85

Downloads: (external link)
http://ftp.iza.org/dp2667.pdf (application/pdf)

Related works:
Journal Article: Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries (2010) Downloads
Journal Article: Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries (2010) Downloads
Working Paper: Entry, Exit and Productivity Empirical Results for German Manufacturing Industries (2007) Downloads
Working Paper: Enty, Exit and Productivitry - Empirical Results for German Manufacturing Industries (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp2667

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2020-01-17
Handle: RePEc:iza:izadps:dp2667