Download or read book Empirical Studies of Firm Dynamics written by Sandra A. Cannon and published by . This book was released on 1996 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Empirical Implications of Alternative Models of Firm Dynamics written by Ariel Pakes and published by . This book was released on 1989 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers two models for analyzing the dynamics of firm behavior that allow for heterogeneity among firms, idiosyncratic (or firm specific) sources of uncertainty, and discrete outcomes (exit and/or entry). Models with these characteristics are needed for the structural econometric analysis of several economic phenomena, including the behavior of capital markets when there are significant failure probabilities, and the analysis of productivity movements in industries with large amounts of entry and exit. In addition, these models provide a means of correcting for the self-section induced by liquidation decisions in empirical studies of firms responses to alternative policy and environmental changes. It is shown that the two models have different nonparametric implications - implications that depend only on basic behavioral assumptions and mild regularity conditions on the functional forms of interest (one distinction between them corresponds to the distinction between heterogeneity and an ergodic form of state-dependence; a form in which the effect of being in a state in a particular period erodes away as time from that period lapses). The nonparametric implications enable the construction of testing and selection correction procedures that are easy to implement (they do not require the computationally difficult, and functional-form specific, estimation algorithms that have been used to empirically analyze stochastic control models with discrete outcomes in the past). The paper concludes by checking for the implications of the two models on an eight-year panel of Wisconsin firms. We find one model to be consistent with the data for retail trade.

Download or read book The Empirical Distribution of Firm Dynamics and Its Macro Implications written by Nir Jaimovich and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heterogeneous firm models are ubiquitous in modern macroeconomics. We revisit a central feature of these models: the idiosyncratic shock process faced by firms. Using a large representative firm-level dataset, we document nonparametrically that the common assumption, a Gaussian AR(1) shock process, is at odds in important ways with observed fat-tailed firm dynamics. We embed these findings within a standard quantitative general equilibrium heterogeneous firm dynamics model and show that the nature of firm-level shocks has a sizable quantitative effect on the economy's responsiveness to aggregate shifts.

Download or read book The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure written by Vivek Ghosal and published by . This book was released on 2001 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Empirical Implications of Alternative Models of Firm Dynamics written by Ariel Pakes and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Growth of Firms written by Alex Coad and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.

Download or read book Firm Dynamics and Productivity Growth written by Sanghoon Ahn and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes in productivity in individual firms at a given size (relative to market). And, ii) a reallocation process due to compositional effects arising from the expansion and contraction of existing firms as well as from entry and exit of firms (namely, firm dynamics). After reviewing theoretical explanations and empirical methods for firm dynamics and productivity growth, the paper looks into major findings from the manufacturing sector under three subsections: firm dynamics, productivity correlates, and productivity decomposition. The paper also reviews methodological issues and some findings from the emerging literature of empirical studies on the service sector.

Download or read book Microeconometric Studies on Firm Behavior and Performance written by Joachim Wagner and published by Eliva Press. This book was released on 2022-11-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this book deal with various aspects of firm behavior and firm performance. All of them use micro data and micro-econometric methods to investigate the role of firm characteristics for the dynamics of enterprises. Four papers (in chapters 1 - 4) look at exports with a focus on productivity, innovation and the share of exports to low-income countries; firm dynamics in the so-called Great Export Collapse in the financial crisis of 2008/2009; the role of credit constraints for extensive margins of exports; and the role of "soft power" - the rate of approval of the job performance of the leadership of a home country among the people of a foreign country - for exports from the home country to this country. Three papers (in chapters 5 - 7) investigate the links between the presence of a firm on the web - i.e. having a website of its own - and various aspects of firm performance like productivity, firm size, international firm activities, and firm survival in times of COVID-19. The big picture is that better firms do have a website and that a website helped to survive the pandemic. Firm survival in the COVID-19 pandemic is the topic of chapter 8, too, with a focus on the role of the gender of the firm owner. It turns out that the effect of female ownership is positive after controlling for various firm characteristics that are known to be related to firm survival. While 3 papers (in chapters 2, 3 and 4) use firm level data from Germany, the other five chapters are empirical studies based on micro data from many countries. These papers illustrate the usefulness of multi-country studies for understanding aspects of firm dynamics and firm performance.

Download or read book Technical Appendices for Empirical Implications of Alternative Models of Firm Dynamics written by Ariel Pakes and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cross Sectioanl Firm Dynamics Theory and Empirical Results from the Chemica written by Reinout Koopmans and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exports firm size and firm dynamics written by Joachim Wagner and published by . This book was released on 1993 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exports Firm Size and Firm Dynamics written by Joachim Wagner and published by . This book was released on 1993 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Weird Ties written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent empirical research on longitudinal micro data sets has revealed a picture of business cycles and growth dynamics that is very far from the homogeneous one postulated in models based on the RAH. In this work, we make a preliminary step in bridging this empirical evidence with theoretical explanations. We propose an agent-based model with heterogeneous firms, which interact in an economy characterized by financial-market imperfections and costly adoption of new technologies. Monte-Carlo simulations show that the model is able jointly to replicate a wide range of stylised facts characterizing both macroeconomic time-series (e.g. output and investment) and firms' microeconomic dynamics (e.g. size, growth, and productivity). -- Financial Market Imperfections ; Business Fluctuations ; Economic Growth ; Firm Size ; Firm Growth ; Productivity Growth ; Agent-Based Models

Download or read book Implications of Credit Market Imperfections on Firm Dynamics Business Cycles and International Trade written by Stéphane Verani and published by . This book was released on 2011 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent empirical studies of firms have documented important differences in the behavior of large and small firms, as well as exporting and non-exporting firms. These empirical regularities are widely interpreted as indirect evidence of frictions in financial markets. There is furthermore a growing consensus that financing frictions significantly impact firm dynamics. This dissertation investigates the links between financial market imperfections, firm dynamics, real business cycles fluctuations and international trade.

Download or read book Measuring Entrepreneurship written by Emilio Congregado and published by Springer Science & Business Media. This book was released on 2007-11-15 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a comprehensive review of the theoretical concepts and empirical models of entrepreneurship from a non-conventional perspective. It makes recent advances in the theory and application of the economics of entrepreneurship accessible to a wider audience, including policy makers. It emphasizes data requirements to advance the future research agenda and to allow for a better design and monitoring of entrepreneurial policy.

Download or read book Entrepreneurship Growth and Innovation written by Enrico Santarelli and published by Springer Science & Business Media. This book was released on 2006-03-29 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of different national cases (including, Germany, Greece, Italy, Portugal, Turkey, the Netherlands, and the United States) puts forward that the relationship between entrepreneurship and growth (via innovation) is shaped by the context of country-specific institutions and industries, thereby providing hints for industrial and innovation policy.

Download or read book Firm Dynamics and Trade written by George A. Alessandria and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We review the literature that studies the dynamics of firms in foreign markets, both at the intensive and extensive margins, and their aggregate implications. We first summarize a set of micro facts on exporter entry, expansion, contraction, and exit and macro facts about the response of aggregate trade flows to trade-policy and business-cycle shocks. We then present the canonical model developed in the literature to account for these facts and discuss its connection to the empirical evidence. We show how three model features -- future uncertain profits, an investment in market access, and high depreciation of that access upon exit -- generate transition dynamics and long-run aggregate outcomes from a cut in tariffs. The model and its extensions contribute to our understanding of the dynamics of trade integration and the evolution of future trade barriers. We discuss the key challenges faced by the canonical model, possible extensions, and applications of the framework to recent global events.