Entry, Exit and Productivity Empirical Results for German Manufacturing Industries

Joachim Wagner (institut_vwl@leuphana.de)

No 2007-064, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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 a unique newly available panel data sets for all manufacturing plants from Germany (1995 - 2002). Again, all three hypotheses are supported empirically.

Keywords: entry; exit; productivity (search for similar items in EconPapers)
JEL-codes: L11 L60 (search for similar items in EconPapers)
Date: 2007-09-12
New Economics Papers: this item is included in nep-bec, nep-com, nep-eff, nep-ent, nep-ind and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://oweb.b67.uni-jena.de/Papers/jerp2007/wp_2007_064.pdf (application/pdf)

Related works:
Journal Article: Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries (2010)
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: Enty, Exit and Productivitry - Empirical Results for German Manufacturing Industries (2007)
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:jrp:jrpwrp:2007-064

Access Statistics for this paper

More papers in Jena Economics Research Papers from Friedrich-Schiller-University Jena
Bibliographic data for series maintained by Markus Pasche (markus.pasche@uni-jena.de).