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
Hauptverfasser: Haltiwanger, John C, Syverson, Chad, Foster, Lucia S
Format: Artikel
Sprache:eng
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