Firm Entry and Exit and Aggregate Growth

被引：17

作者：

Asturias, Jose ^{[1
]}

Hur, Sewon ^{[2
]}

Kehoe, Timothy J. ^{[3
]}

Ruhl, Kim J. ^{[4
]}

机构：

[1] US Census Bureau, Washington, DC 20233 USA

[2] Fed Reserve Bank Dallas, Dallas, TX 75201 USA

[3] Univ Minnesota, Fed Reserve Bank Minneapolis, Minneapolis, MN 55455 USA

[4] Univ Wisconsin, Natl Bureau Econ Res, Minneapolis, MN 55455 USA

来源：

AMERICAN ECONOMIC JOURNAL-MACROECONOMICS | 2023年 / 15卷 / 01期

关键词：

PRODUCTIVITY GROWTH; MISALLOCATION; SELECTION; DYNAMICS; INFORMALITY; ALLOCATION; BARRIERS; TRADE; FLOWS; TFP;

D O I：

10.1257/mac.20200376

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 decomposi-tion become more important as GDP grows rapidly, just as they do in the data from Chile and Korea.

引用

页码：48 / 105

页数：58

共 65 条

[1] VERTICAL INTEGRATION AND DISTANCE TO FRONTIER [J].