Reallocation, firm turnover, and efficiency: selection on productivity of profitability
In: NBER working paper series 11555
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In: NBER working paper series 11555
In: NBER working paper series 9120
In: Journal of economic and social measurement, Band 42, Heft 3-4, S. 199-224
ISSN: 1875-8932
In: US Census Bureau Center for Economic Studies Paper No. CES-WP-15-40R
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Working paper
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In: Journal of labor economics: JOLE, Band 34, Heft S1, S. S293-S331
ISSN: 1537-5307
In: Economica, Band 83, Heft 329, S. 91-129
In: NBER Working Paper No. w20427
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In: US Census Bureau Center for Economic Studies Paper No. CES-WP- 13-42
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Working paper
In: NBER Working Paper No. w17853
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In: American economic review, Band 98, Heft 1, S. 394-425
ISSN: 1944-7981
We investigate the nature of selection and productivity growth in industries where we observe producer-level quantities and prices separately. We show there are important differences between revenue and physical productivity. Because physical productivity is inversely correlated with price while revenue productivity is positively correlated with price, previous work linking (revenue-based) productivity to survival confounded the separate and opposing effects of technical efficiency and demand on survival, understating the true impacts of both. Further, we find that young producers charge lower prices than incumbents. Thus the literature understates new producers' productivity advantages and entry's contribution to aggregate productivity growth. (JEL D24, L11, L25)
In: NBER Working Paper No. w9120
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In: Journal of economics, race, and policy, Band 6, Heft 4, S. 246-257
ISSN: 2520-842X
In: US Census Bureau Center for Economic Studies Paper No. CES-WP- 15-45
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Working paper
In: NBER Working Paper No. w24420
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