Arbeitspapier
Productivity, market selection and corporate growth: Comparative evidence across US and Europe
This paper presents a broad set of empirical regularities about selection and market shares reallocation in manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth of within-firm productivity changes and between-firms reallocation of shares. The evidence corroborates that within-firm learning prevails over competitive selection. Second, we address the strength of reallocation by exploring if and to what extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time variation of productivities themselves. The econometric analysis accounts for both the dynamic dimension of the selection process and idiosyncratic firm-specific factors. We find that changes, rather than relative levels, are the dominant productivity-related determinant of relative growth rates.
- Sprache
-
Englisch
- Erschienen in
-
Series: LEM Working Paper Series ; No. 2013/15
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Firm Behavior: Empirical Analysis
Market Structure, Firm Strategy, and Market Performance: General
Firm Objectives, Organization, and Behavior: General
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
firms heterogeneity
sectoral productivity decomposition
corporate growth
productivity
market selection
firm-industry dynamics
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dosi, Giovanni
Moschella, Daniele
Pugliese, Emanuele
Tamagni, Federico
- Ereignis
-
Veröffentlichung
- (wer)
-
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
- (wo)
-
Pisa
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dosi, Giovanni
- Moschella, Daniele
- Pugliese, Emanuele
- Tamagni, Federico
- Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
Entstanden
- 2013
Ähnliche Objekte (12)
Finance, Innovation and Corporate Change
The agenda for evolutionary economics: Results, dead ends, and challenges ahead
Economic coordination and dynamics: Some elements of an alternative "evolutionary" paradigm
Statistical regularities in the evolution of industries: A guide through some evidence and challenges for the theory
Technological innovation, institutions and human purposefulness in socioeconomic evolution: A preface to Christopher Freeman "System of innovation. Selected essays in evolutionary economics"
Some policy lessons from medical/therapeutic responses to the COVID-19 crisis: A rich research system for knowledge generation and dysfunctional institutions for its exploitation
Policy Lessons From Medical Responses to the COVID-19 Crisis
A very reasonable objective still beyond our reach: Economics as an empirically disciplined social science
Corporate performance and market selection: Some comparative evidence
Inside the Virtuous Cycle between Productivity, Profitability, Investment and Corporate Growth: An Anatomy of China Industrialization
Inside the virtuous cycle between productivity, profitability, investment and corporate growth: An anatomy of China industrialization
The "Schumpeterian" and the "Keynesian" Stiglitz: Learning, coordination hurdles and growth trajectories
Finance, Innovation and Corporate Change
The agenda for evolutionary economics: Results, dead ends, and challenges ahead
Economic coordination and dynamics: Some elements of an alternative "evolutionary" paradigm
Statistical regularities in the evolution of industries: A guide through some evidence and challenges for the theory
Technological innovation, institutions and human purposefulness in socioeconomic evolution: A preface to Christopher Freeman "System of innovation. Selected essays in evolutionary economics"
Some policy lessons from medical/therapeutic responses to the COVID-19 crisis: A rich research system for knowledge generation and dysfunctional institutions for its exploitation
Policy Lessons From Medical Responses to the COVID-19 Crisis
A very reasonable objective still beyond our reach: Economics as an empirically disciplined social science
Corporate performance and market selection: Some comparative evidence
Inside the Virtuous Cycle between Productivity, Profitability, Investment and Corporate Growth: An Anatomy of China Industrialization
Inside the virtuous cycle between productivity, profitability, investment and corporate growth: An anatomy of China industrialization
The "Schumpeterian" and the "Keynesian" Stiglitz: Learning, coordination hurdles and growth trajectories
Finance, Innovation and Corporate Change
The agenda for evolutionary economics: Results, dead ends, and challenges ahead
Economic coordination and dynamics: Some elements of an alternative "evolutionary" paradigm
Statistical regularities in the evolution of industries: A guide through some evidence and challenges for the theory
Technological innovation, institutions and human purposefulness in socioeconomic evolution: A preface to Christopher Freeman "System of innovation. Selected essays in evolutionary economics"
Some policy lessons from medical/therapeutic responses to the COVID-19 crisis: A rich research system for knowledge generation and dysfunctional institutions for its exploitation
Policy Lessons From Medical Responses to the COVID-19 Crisis
A very reasonable objective still beyond our reach: Economics as an empirically disciplined social science
Corporate performance and market selection: Some comparative evidence
Inside the Virtuous Cycle between Productivity, Profitability, Investment and Corporate Growth: An Anatomy of China Industrialization
Inside the virtuous cycle between productivity, profitability, investment and corporate growth: An anatomy of China industrialization