Firms’ Dynamics and Business Cycle: New Disaggregated Data

Lorenza Rossi and Emilio Zanetti Chini ()

No 123, DEM Working Papers Series from University of Pavia, Department of Economics and Management

Abstract: We provide stylized facts on firms dynamics by disaggregating U.S. yearly data from 1977 to 2013. To this aim, we use a new unobserved component-based method, encompassing several classical regression-based techniques currently in use. The new time series of Entry and Exit of firms at establishment level are feasible proxies of Business Cycle. Exit is a leading and countercyclical indicator, while Entry is lagging and procyclical. The resulting SVAR analysis supports the recent theoretical findings of the literature on firms dynamics.

Keywords: Entry and Exit; State Space; Business Cycle; Disaggregation; SVAR. (search for similar items in EconPapers)
JEL-codes: C10 C13 E3 E32 E37 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2016-05
New Economics Papers: this item is included in nep-bec, nep-mac and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/demwpp/DEMWP0123.pdf (application/pdf)

Related works:
Working Paper: Firms Dynamics and Business Cycle: New Disaggregated Data (2018)
Working Paper: Firms' Dynamics and Business Cycle: New Disaggregated Data (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pav:demwpp:demwp0123

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