Leapfrogging: Time of Entry and Firm Productivity

Georg Götz and Josh Ederington

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We develop a model in which ex ante identical firms make endogenous entry and technology adoption decisions. We show that this model is capable of matching the stylized facts in which entry is dispersed over time and that, in many industries, it is the newest firms which are the most likely to exhibit high productivity growth and adopt new innovations (i.e., leapfrogging). We then derive the characteristics of those industries where such leapfrogging is likely to occur.

JEL-codes: L11 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-bec, nep-com, nep-eff, nep-ent, nep-ino and nep-sbm
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Leapfrogging: Time of Entry and Firm Productivity (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168126

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