The Dynamics of Productivity: A Decompostion Approach Using Distribution Functions

The Dynamics of Productivity: A Decompostion Approach Using Distribution Functions In this paper we use a micro panel data set of Spanish manufacturing firms to measure the contributions of continuing firms and turnover to total factor productivity growth over the period 1990–1997. The paper proposes an approach to the decomposition of productivity growth that is based on the estimation of productivity distributions. We characterize the dynamics of productivity distributions defining counterfactual distributions and using non-parametric methods. The results we obtain indicate that incumbent firms are the main factor contributing to the change in the productivity distribution. Net entry contributes positively to TFP growth. Finally, changes in the relative weights of incumbent, entering and exiting firms produce a counter-cyclical movement of productivity. Small Business Economics Springer Journals

The Dynamics of Productivity: A Decompostion Approach Using Distribution Functions

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Kluwer Academic Publishers
Copyright © 2004 by Kluwer Academic Publishers
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
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