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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 …
Persistent link: https://www.econbiz.de/10005545370
-product firms perform better than single-product firms and their labor productivity growth rates are higher. Empirical studies at … products see a decline in labor productivity, due to output reduction exceeding the magnitude of the reduction in employment. …
Persistent link: https://www.econbiz.de/10010903458
negative effect on employment growth. We explore the possibility that the exit of Pharmacia may not have had a negative effect …
Persistent link: https://www.econbiz.de/10005419154
time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10011255936
time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10005136875
This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is correlated with both firm- and firm-product attributes, and...
Persistent link: https://www.econbiz.de/10010745219
This paper discusses the impact of newly created firms on industry productivity growth. Our central hypothesis is that … there are two potential effects of new firms on productivity growth: a direct effect, as entrants may be relatively more … elevate their productivity in order to survive. The results of the decomposition exercise of aggregate productivity growth …
Persistent link: https://www.econbiz.de/10008727694
labour and firm entry and exit) contributed significantly to aggregate productivity growth before the crisis, but its …Labour productivity in the United Kingdom has been exceptionally weak since the 2007/08 financial crisis. This paper … finds that within-firm productivity growth tends to be procyclical and emphasises the importance of the reallocation of …
Persistent link: https://www.econbiz.de/10010839035
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …
Persistent link: https://www.econbiz.de/10010732479
pattern (varieties and markets) of existing firms in combination with entry/exit of firms. The empirical results are …This paper develops a framework to appreciate the observed heterogeneity of firm size distributions and the entry and … exit of products and firms associated with it. It is based on a model where new products are introduced by innovating firms …
Persistent link: https://www.econbiz.de/10008626064