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- W4313365007 abstract "Applying the Foster, Haltiwanger, and Krizan (2001) decomposition to plant-level manufacturing data from Chile and Korea, we find that the entry and exit of plants account for a larger fraction of aggregate productivity growth during periods of fast GDP growth. To analyze this relationship, we develop a model of firm entry and exit based on Hopenhayn (1992). When we introduce reforms that reduce entry costs or reduce barriers to technology adoption into a calibrated model, we find that the entry and exit terms in the FHK decomposition become more important as GDP grows rapidly, just as they do in the data from Chile and Korea. (JEL D24, E23, L13, L60, O14, O32, O47)" @default.
- W4313365007 created "2023-01-06" @default.
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- W4313365007 date "2023-01-01" @default.
- W4313365007 modified "2023-09-26" @default.
- W4313365007 title "Firm Entry and Exit and Aggregate Growth" @default.
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- W4313365007 doi "https://doi.org/10.1257/mac.20200376" @default.
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