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On the Ubiquity of Declining Business Dynamism
Hummels, David; Yue, Kan - National Bureau of Economic Research - 2024
Recent work documents declining business dynamism in the United States, with concerning implications for markups, innovation and productivity. Using import data for 146 countries over three decades we document a set of new stylized facts describing market dynamism world-wide. Market entry rates...
Persistent link: https://www.econbiz.de/10014576666
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A Unified Theory of Firm Selection and Growth
Arkolakis, Costas - 2011
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10012461105
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Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10012458155
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Firm Heterogeneity, Endogenous Entry, and the Business Cycle
Ottaviano, Gianmarco I.P. - 2011
This paper investigates the role that the entry and exit of heterogeneous firms plays in shaping aggregate fluctuations in economic activity. In so doing, it develops a dynamic stochastic general equilibrium model in which procyclical entry and countercyclical exit along a real business cycle...
Persistent link: https://www.econbiz.de/10012461225
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The Dynamic Impact of Exporting on Firm R&D Investment
Maican, Florin G. - 2020
This article estimates a dynamic structural model of firm R&D investment in twelve Swedish manufacturing industries and … uses it to measure rates of return to R&D and to simulate the impact of trade restrictions on the investment incentives. R … both the expected return to R&D and R&D investment level, thus reducing an important source of the dynamic gains from trade …
Persistent link: https://www.econbiz.de/10012482206
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R&D, Investment and Industry Dynamics
Lach, Saul - 1992
by subsequent embodiments in physical capital. Traditionally, the only distinction between R&D and physical investment … the observed higher volatility of physical investment (relative to R&D expenditures) …
Persistent link: https://www.econbiz.de/10012474919
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Committing to Grow : Privatizations and Firm Dynamics in East Germany
Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - National Bureau of Economic Research - 2023
after 10 years. Additionally, an alternative policy of productivity investment subsidies proved costly and less effective in …
Persistent link: https://www.econbiz.de/10014337877
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Do Entry Regulations Deter Entrepreneurship and Job Creation? Evidence from Recent Reforms in Portugal
Branstetter, Lee G. - 2010
Recent research has suggested that the reduction of entry regulation can promote firm entry and job creation, but little is known about the quality of firms and jobs created through these reforms. To shed light on this question, we employ data from Portugal, a country which implemented one of...
Persistent link: https://www.econbiz.de/10012462184
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Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries
Bond, Eric - 2008
Relative to their counterparts in high-income regions, entrepreneurs in developing countries face less efficient financial markets, more volatile macroeconomic conditions, and higher entry costs. This paper develops a dynamic empirical model that links these features of the business environment...
Persistent link: https://www.econbiz.de/10012464529
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Export Entry and Exit by German Firms
Bernard, Andrew B. - 1998
This paper examines the decision to enter the export market by German firms. While exports have played an important role in recent German business cycle movements, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a...
Persistent link: https://www.econbiz.de/10012472269