Veracierto, Marcelo (contributor) - 2003 - [Elektronische Ressource]
"This paper evaluates to what extent the introduction of firing costs can affect the aggregate dynamics of a … neoclassical growth model with hetrogeneous establishments. Similarly to the previous literature, firing costs are found to have … fluctuations are somewhat smaller when the firing costs are introduced, but most of the effects turn out to be insignificant …
