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. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms …
Persistent link: https://www.econbiz.de/10012481972
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10012463273
that links these features of the business environment to cross-firm productivity distributions, entrepreneurs' welfare, and …
Persistent link: https://www.econbiz.de/10012464529
Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...
Persistent link: https://www.econbiz.de/10012465352
Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a … static and dynamic efficiency gains. That is, although freer trade improves industry productivity in a level sense, it harms … endogenises the growth rate of industry productivity and we show that liberalisation slows growth …
Persistent link: https://www.econbiz.de/10012467972
through its effect on productivity: the entry and exit of firms and the reallocation of resources from less to more efficient … firms explain a relevant part of transitional productivity dynamics. In this paper we use a stochastic general equilibrium …
Persistent link: https://www.econbiz.de/10012468109
firm framework. The paper also shows how the aggregate industry productivity growth generated by the reallocations …, the paper provides an extension of Krugman's (1980) trade model that incorporates firm level productivity differences …. Firms with different productivity levels coexist in an industry because each firm faces initial uncertainty concerning its …
Persistent link: https://www.econbiz.de/10012469834
While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …
Persistent link: https://www.econbiz.de/10012472250
productivity growth, and the exit rate leads all three of these. A vintage capital model in which all technological progress is … operational, both output and productivity increase …
Persistent link: https://www.econbiz.de/10012472866
The 21st century global decline in productivity growth is not well understood. One possible contributor is a decline in … economic dynamism. We explore the contribution of firm formation and employee movement to productivity using administrative … working proprietors, to study the relationships among entry, worker flows and firm productivity. Entrants are more productive …
Persistent link: https://www.econbiz.de/10012453338