An Augmented Static Olley–Pakes Productivity Decomposition with Entry and Exit
Measurement and Interpretation
Bibliographic Data
| ID | 9725904 |
|---|---|
| Authors | Mika Maliranta (0000-0003-4460-8942, ETLA and University of Jyväskylä), Niku Määttänen (0000-0003-4026-648X, ETLA and Helsinki Center of Economic Research) |
| Year | 2015 |
| Volume | 82 |
| Issue | s1 |
| Pages | 1372-1416 |
| Publication date | 2015-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12159 |
| OpenAlex | W2119649396 |
| Language | EN |
| Citations received | 4 |
| References cited | 36 |
We develop an augmented Olley–Pakes ( OP ) decomposition that allows us to examine how entering and exiting firms contribute to the popular OP covariance measure of allocative efficiency. Applying the decomposition to a comprehensive micro‐level data, we find that a large part of the OP covariance component can be attributed to entrants and exiting firms. We also build a model of firm dynamics that is consistent with our main empirical results. In the model economy, the standard OP covariance component tends to increase with certain type of distortions because of endogenous changes in firm entry and exit
Allocative efficiency · Component (thermodynamics) · Covariance · Decomposition · Econometrics · Economics · Interpretation (philosophy) · Macroeconomics · Microeconomics · Productivity · Statistics · Computer Science · Economic Growth and Productivity · Firm Innovation and Growth · Global trade and economics · Mathematics
Productivity Dynamics in Manufacturing Plants
What Determines Productivity?
Chapter 7 Growth Theory through the Lens of Development Economics
Intangible Capital and u.s. Economic Growth
Understanding Productivity
Entry, Exit, and firm Dynamics in Long Run Equilibrium
Reallocation, Firm Turnover, and Efficiency
Export Versus FDI with Heterogeneous Firms
Policy distortions and aggregate productivity with heterogeneous establishments
Cross-Country Differences in Productivity
Market Size, Trade, and Productivity
The Dynamics of Productivity in the Telecommunications Equipment Industry
The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Misallocation and Manufacturing TFP in China and India
Heterogeneous firms, agglomeration and economic geography
R & D-Based Models of Economic Growth
Market Structure and Productivity
Trade, FDI, and the Organization of Firms
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 2020 - 2025 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |