WHO QUITS NEXT? FIRM GROWTH IN GROWING ECONOMIES.
We document novel facts about the relationship between aggregate growth and firm dynamics using a large set of countries. We argue that firm employment patterns are not necessarily informative about cross‐country differences in aggregate growth because they are induced by changes in the productivity...
| Publicado en: | Economic Inquiry Vol. 57; no. 1; pp. 33 - 50 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jan2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=133389549&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 133389549 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Jan2019 vid: 57 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 133389549 10.1111/ecin.12722 ppf: 33 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 483KB tig: atl: WHO QUITS NEXT? FIRM GROWTH IN GROWING ECONOMIES. aug: au: Caunedo, Julieta Yurdagul, Emircan affil: Assistant Professor, Cornell University, Ithaca New York 14853 Assistant Professor, Universidad Carlos III, Getafe 28903 Spain su: Organizational growth Employment Economic development Industrial productivity Rate of return sug: subj: Organizational growth Employment Economic development Industrial productivity Rate of return ab: We document novel facts about the relationship between aggregate growth and firm dynamics using a large set of countries. We argue that firm employment patterns are not necessarily informative about cross‐country differences in aggregate growth because they are induced by changes in the productivity of a firm relative to others. In contrast, aggregate growth is linked to average firm‐level productivity growth and firm age. We formalize this intuition through a tractable model of endogenous aggregate growth and firm dynamics where firms realize positive returns to investment with some probability. We find that cross‐country disparities in this probability can account for two‐thirds of the variation in aggregate growth. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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