88 Citations
Aggregate effects of firing costs with endogenous firm productivity growth
- EconomicsMacroeconomic Dynamics
- 2022
This article quantifies the aggregate effects of firing costs in a model of firm dynamics where firm-level productivity is determined by innovation. In the model, the productivity distribution is…
Trade and Growth : The Impact of Selection and Imitation
- Economics
- 2009
This paper develops an endogenous growth and trade model with heterogeneous firms to analyze the impact of intra-industry trade on productivity growth. Growth is generated through a mechanism of…
Incorporation, Selection and Firm Dynamics: A Quantitative Exploration
- EconomicsSSRN Electronic Journal
- 2020
This paper studies how incorporation, which provides limited liability to firm owners, affects firm dynamics and macroeconomy. I propose an endogenous growth model of firm dynamics with endogenous…
International Trade and Growth: The Impact of Seletion and Imitation
- Economics
- 2009
This paper develops an endogenous growth model with heterogeneous firms to analyze the impact of intra-industry trade on productivity growth. Growth is generated by selection, and sustained by…
Growth through Experimentation
- Economics
- 2011
Recent empirical research has documented the importance of shocks to firm- specific productivity, but has provided only limited evidence on their sources. This paper proposes and analyzes purposeful…
Regulation and Trade in Development Explaining Productivity at the Firm Level
- Economics
- 2013
Institutions, and their underlying rules, are essential for economic development, in that they provide a framework for markets to operate. However, different types of regulatory roles and even…
Essays on Firm Dynamics, Endogenous Growth and International Trade
- Economics
- 2011
Recent empirical firm level studies reveal the structural heterogeneity of firms in process and product innovation, as well as the central role of product quality in determining world trade patterns…
The Impact of Regulation on Innovation
- Economics
- 2021
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations. We apply this to…
Endogenous Growth through Firm Entry, Exit and Imitation
- Economics
- 2006
A simple dynamic general equilibrium model is set up in which firms face idiosyncratic productivity shocks. Firms whose productivity has fallen too low exit, and entrants try to imitate the practice…
Dynamic effects of labor market reforms on productivity. A survey
- Economics
- 2016
Institutional reforms have long been a central focus of the European economic policy debate, and the labor market in particular has been subject to never definitive reforms in the past 20 years,…
References
SHOWING 1-10 OF 78 REFERENCES
Selection, Growth, and the Size Distribution of Firms
- Economics
- 2007
This paper describes an analytically tractable model of balanced growth that is consistent with the observed size distribution of firms. Growth is the result of idiosyncratic firm productivity…
Endogenous Growth through Firm Entry, Exit and Imitation
- Economics
- 2006
A simple dynamic general equilibrium model is set up in which firms face idiosyncratic productivity shocks. Firms whose productivity has fallen too low exit, and entrants try to imitate the practice…
Job Turnover and Policy Evaluation: A General Equilibrium Analysis
- EconomicsJournal of Political Economy
- 1993
Recent empirical work indicates that job creation and destruction rates are large, implying significant amounts of job reallocation across firms. This paper builds a general equilibrium model of this…
DO FIRING COSTS AFFECT THE INCIDENCE OF FIRM BANKRUPTCY?
- Economics, BusinessMacroeconomic Dynamics
- 2006
An overlooked topic is the treatment of worker claims when firms are shutting down. In fact, when firms close, worker claims such as severance pay often go unfulfilled. To evaluate the quantitative…
The Role of Policy and Institutions for Productivity and Firm Dynamics: Evidence from Micro and Industry Data
- Economics
- 2002
This paper presents empirical evidence on the role that policy and institutional settings in both product and labour market play for productivity and firm dynamics. It exploits a new firm-level…
Employment Protection, International Specialization, and Innovation
- Economics
- 1996
We develop a model to analyze the implications of firing costs on incentives for R & D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid…
Industrial evolution in developing countries : micro patterns of turnover, productivity, and market structure
- Economics
- 1996
This book presents the results of a project designed to link changes in trade policy with patterns of producer entry, exit, and adjustment characterizing developing country producers, using…
Aggregate Productivity Growth: Lessons from Microeconomic Evidence
- Economics
- 1998
In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity dynamics and aggregate productivity growth. After synthesizing the evidence from…
Entry, exit, and firm dynamics in long run equilibrium
- Economics
- 1992
A dynamic stochastic model for a competitive industry is developed in which entry, exit, and the growth of firms' output and employment is determined. The paper extends long-run industry equilibrium…