Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved; thu...
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Veröffentlicht in: | NBER Working Paper Series 2005-08, p.11555 |
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Format: | Artikel |
Sprache: | eng |
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