Firm dynamics and multifactor productivity : an empirical exploration / by Pierre St-Amant and David Tessier. : FB3-5/2018-15E-PDF

“There are indications that business dynamism has declined in advanced economies. In particular, firm entry and exit rates have fallen, suggesting that the creative destruction process has lost some of its vitality. Meanwhile, productivity growth has slowed. Some believe that lower entry and exit rates partly explain the weaker productivity growth. However, the evidence supporting, or invalidating, this view is scarce. In the present paper, we use multi-horizon causality tests and dynamic simulations with Canadian and US data to examine the following question: Do changes to entry and exit rates provide information about, or Granger-cause, future productivity?"--Abstract, p. ii.

Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.854441&sl=1

• Format MARC XML
• Format MARC HTML

Demander des formats alternatifs