| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23202 |
| 来源ID | Working Paper 23202 |
| Firm Entry and Exit and Aggregate Growth | |
| Jose Asturias; Sewon Hur; Timothy J. Kehoe; Kim J. Ruhl | |
| 发表日期 | 2017-02-27 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Using data from Chile and Korea, we find that a larger fraction of aggregate productivity growth is due to firm entry and exit during fast-growth episodes compared to slow-growth episodes. Studies of other countries confirm this empirical relationship. We develop a model of endogenous firm entry and exit based on Hopenhayn (1992). Firms enter with efficiencies drawn from a distribution whose mean grows over time. After entering, a firm’s efficiency grows with age. In the calibrated model, reducing entry costs or barriers to technology adoption generates the pattern we document in the data. Firm turnover is crucial for rapid productivity growth. |
| 主题 | Macroeconomics ; Consumption and Investment ; Development and Growth ; Development ; Innovation and R& ; D ; Growth and Productivity |
| URL | https://www.nber.org/papers/w23202 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580876 |
| 推荐引用方式 GB/T 7714 | Jose Asturias,Sewon Hur,Timothy J. Kehoe,et al. Firm Entry and Exit and Aggregate Growth. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23202.pdf（458KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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