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Persistent link: https://www.econbiz.de/10003553639
From a model by Hopenhayn, three hypotheses can be derived: (H1) Firms that exit in year t were less productive in t-1 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/10003945062
Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 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...
Persistent link: https://www.econbiz.de/10012777270
This paper reports estimates of the productivity premium of German firms exporting to the Euro‐zone and beyond … estimates of the exporter productivity premium by destination are driven by a small share of outliers that comprises some five … effects. Using a ‘clean’ sample without these outliers, the estimated productivity premium of firms that export to the Euro …
Persistent link: https://www.econbiz.de/10014169474
predate entry into the export market. We find no positive effects on employment, wage or productivity growth after entry. Our …
Persistent link: https://www.econbiz.de/10014208410
Persistent link: https://www.econbiz.de/10013357753
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10009356133
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10009519874
Persistent link: https://www.econbiz.de/10010257807
There is evidence that better performing firms tend to enter international markets. Internationally active firms are larger, more productive, and pay higher wages than other firms in the same industry. Positive performance effects of engaging in international activity are found especially in...
Persistent link: https://www.econbiz.de/10011417118