Arbeitspapier
Firm Growth, European Industry Dynamics and Domestic Business Cycles
Based on the empirical firm growth literature and on heterogeneous (microeconomic) adjustment models, this paper empirically investigates the impact of European industry fluctuations and domestic business cycles on the growth performance of European firms. Since the implementation of the Single Market program the EU 27 member countries share a common market. Accordingly, the European industry business cycle is expected to become a more influential predictor of European firms' behaviour at the expense of domestic fluctuations. Empirically, the results of a two-part model for a sample of European manufacturing firms reject this hypothesis. Additionally, subsidiaries of multinational enterprises constitute the most stable firm cohort throughout the observed business cycle.
- Sprache
-
Englisch
- Erschienen in
-
Series: WIFO Working Papers ; No. 377
- Klassifikation
-
Wirtschaft
- Thema
-
Firm growth
industry dynamics
domestic business cycle
European integration
multinational enterprises
two-part model
Konjunktur
Europäische Integration
Branchenentwicklung
Multinationales Unternehmen
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oberhofer, Harald
- Ereignis
-
Veröffentlichung
- (wer)
-
Austrian Institute of Economic Research (WIFO)
- (wo)
-
Vienna
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Oberhofer, Harald
- Austrian Institute of Economic Research (WIFO)
Entstanden
- 2010
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