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...

The main purpose of this book is to enhance the understanding of differences in productivity performance between countries and sectors and to improve our insight in the drivers of productivity levels and its growth. Due to demographics the speed-up of productivity growth will be of increasing...