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decomposition is shown in a model featuring heterogeneous multiproduct firms, oligopolistic competition and free firm entry. When … firm-level productivity decreases while the dispersion rises up, firm product scope decreases and sums up to a lower number …
Persistent link: https://www.econbiz.de/10012828434
of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997. We show … how entry and exit patterns vary during the business cycle, and that the cyclical pattern of entry is very different from … the cyclical pattern of exit. Second, we build a general equilibrium model of plant entry, exit, and employment and …
Persistent link: https://www.econbiz.de/10012720467
This paper presents a set of facts on the cyclicality of firm births and deaths in the U.S. during the period 1979--2013. Asymmetry in the cyclicality between firm birth and firm death is observed: aggregate firm birth is generally significantly procyclical, while the (counter-)cyclicality in...
Persistent link: https://www.econbiz.de/10012955841
The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...
Persistent link: https://www.econbiz.de/10012893849
This paper documents the cyclical patterns of business entry and exit dynamism in the US using the Business Dynamic … procyclical while the exit margin shows little cyclicality. In addition to the entry and exit rates, the numbers and relative … Statistics (BDS) dataset. The main finding is that, for both firms and establishments, the entry margin is significantly …
Persistent link: https://www.econbiz.de/10013002920
Persistent link: https://www.econbiz.de/10011311406
Persistent link: https://www.econbiz.de/10011311417
Persistent link: https://www.econbiz.de/10011973867
studies firm entry and exit in foreign markets and their role in the post-recession recovery of U.S. exports using … larger export volumes, however, compensating for the decline in the number of exporting firms. Thus, while entry and exit …
Persistent link: https://www.econbiz.de/10011803263
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … TFPQ dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect on sales … facts, demand dispersion has unambiguously negative effects on output via a "wait and see" channel. Productivity dispersion …
Persistent link: https://www.econbiz.de/10013256973