Plant-level Dynamics and Business Cycles
Plant-level Dynamics and Business Cycles
- 한국계량경제학회
- 한국계량경제학회 학술대회 논문집
- 2007년 하계학술대회
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2007.081 - 25 (25 pages)
- 3
This paper analyzes the implications of plant-level dynamics in the aggregate economy. We first document the basic properties of plant entry, exit, size, and productivity in the U.S. manufacturing sector. In particular, we show how the pattern of entry and exit varies during the business cycle. Second, we build a model of plant entry and exit. The size and productivity of the entering/exiting plants are determined endogenously. We then extend the model to incorporate aggregate shocks, and examine the policy implications of the model.
1 Introduction
2 Empirical Evidence of Employment and Productivity Dynamics
3 Model without Aggregate Shocks
4 Model with Aggregate Shocks
5 Plant-level dynamics and business cycles (in progress)
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