Arbeitspapier
The within-distribution business cycle dynamics of German firms
We analyse stylised facts for Germany's business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank's balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales growth regime switching to another regime in the next period, e.g. whether a firm that has witnessed a high growth rate is likely to stay in a regime of high growth or is bound to switch in a regime of low growth in the subsequent period. We find that these probabilities depend on the business cycle position.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Paper Series 1 ; No. 2006,29
- Classification
-
Wirtschaft
Firm Behavior: Theory
Business Fluctuations; Cycles
- Subject
-
business cycles
firm growth
Markov chains
Unternehmensentwicklung
Unternehmenswachstum
Konjunktur
Markovscher Prozess
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Weber, Sebastian
Döpke, Jörg
- Event
-
Veröffentlichung
- (who)
-
Deutsche Bundesbank
- (where)
-
Frankfurt a. M.
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Weber, Sebastian
- Döpke, Jörg
- Deutsche Bundesbank
Time of origin
- 2006
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