Geroski's Stylized Facts and Mobility of Large German Manufacturing Firms

Geroski's Stylized Facts and Mobility of Large German Manufacturing Firms Paul Geroski has established two stylized facts with respect to theprevalence of differential changes (mobility) of indicators ofeconomic and technological performance: technologicalindicators show a larger amount of mobility than do economic indicators.We assess the two stylized facts for a sample of 392 large Germanfirms observed over the period 1981–1993 and assigned to elevenmanufacturing industries. We analyze these data with two novelmethods, Salter curves and mobility indices based on fractileMarkov chains. Our analysis supports Geroski's two stylized factsin the case of large German manufacturing firms taking account ofsectoral differences. Review of Industrial Organization Springer Journals

Geroski's Stylized Facts and Mobility of Large German Manufacturing Firms

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Kluwer Academic Publishers
Copyright © 2004 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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