Firm Productivity Dynamics in Spain

López-García, Paloma; Puente, Sergio; Gómez, Ángel Luis

doi:10.2139/ssrn.1075204

Cited by 44 publications

(6 citation statements)

References 44 publications

(23 reference statements)

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“…() Both size and age effects differ across industries and firms (Hannan et al. ; López‐García, Puente, and Gómez ).…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

“…As pointed out in Thompson (2005), theories that could explain the observed pattern include learning, financial frictions, and the fact that older firms are possibly active in a larger number of submarkets. A few studies find an inverted U-shaped relationship between firm age and firm exit Both size and age effects differ across industries and firms (Hannan et al 1998;López-García, Puente, and Gómez 2007).…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

“…High entry rates exert a positive effect on the likelihood of firm failure (Mata andPortugal 1994, 2002). Firms live longer in growing industries than in declining industries, even controlling for industry turbulence, size, scale, type of entrant, and concentration (Mata and Portugal 1994;López-García, Puente, and Gómez 2007).…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

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Determinants of Firm Failure: Empirical Evidence from China

He¹,

Rui-xia²

2015

Growth and Change

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During the economic transition, Chinese industries are highly dynamic, with substantial firm entry and failure. This study investigates the driving forces of firm failure in China. Based on the annual survey of industrial firms during 1998–2007, this study first describes the patterns of firm failure. On average, less productive and older firms are more likely to fail, while firms with governmental supports are more likely to survive. Statistical results based on the linear probability model for panel data indicate that market competition crowds out less productive firms. Competition dominates learning effects and imposes challenges on the survival of older firms. There is an inverted U‐shaped relationship between firm age and firm failure. Local supportive policies such as subsidies and banking loans can reduce the chance of firm failure. Governmental policies also moderate the impact of productivity and firm age on firm failure. The findings from this study enrich the understanding of industrial dynamics in the transitional China.

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“…() Both size and age effects differ across industries and firms (Hannan et al. ; López‐García, Puente, and Gómez ).…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

See 1 more Smart Citation

Determinants of Firm Failure: Empirical Evidence from China

He¹,

Rui-xia²

2015

Growth and Change

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“…20 Figure 4 compares the evolution of the average TFP growth at the firm level (left hand side panel), with that at the aggregate level (right panel). 21 We can see that the growth rate of the average firm TFP has been continuously negative and decreasing since the beginning of the crisis (between 2010 and 2012 there is a slight increase in the growth rate, though it remains below -5%). For aggregate TFP, the growth rate is negative but closer to zero during the crisis period.…”

Section: Evolution Of the Estimated Tfpmentioning

confidence: 92%

The Spanish Productivity Puzzle in the Great Recession

Hospido

Moreno‐Galbis²

2015

SSRN Journal

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“…For the specific case of Spain, López-García et al (2007) found that the contribution of large firms to productivity growth is more important than the contribution of small businesses if only incumbent firms are taken into account. López-García and Sánchez (2010) show, moreover, that Spanish micro-enterprises are less productive than European micro-enterprises in all sectors.…”

mentioning

confidence: 99%

An Analysis of Productivity Performance in Spain Before and During the Crisis

Mora‐Sanguinetti

Fuentes

2012

OECD Economics Department Working Papers

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An analysis of productivity performance in Spain before and during the crisis: Exploring the role of institutionsThe Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and temporary factors. The aim of this paper is to identify what factors weigh on weak trend productivity growth. The relatively weak performance largely reflects the low growth of total factor productivity within a wide range of sectors, with very limited impact of composition effects, while the capital stock and educational attainment of the workforce have grown relatively strongly. The paper investigates the role of some institutions in deterring innovation, competition and the growth of successful firms. It argues that Spain needs to have a more flexible labour market and collective bargaining system to improve productivity performance. Productivity performance would also benefit from a more flexible business environment in such a way that both entry and exit of firms in the economy are less costly, including a reform of bankruptcy legislation, steps to make civil judicial procedures more efficient and a greater reduction of barriers to entry into the retail trade sector.

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Firm Productivity Dynamics in Spain

Cited by 44 publications

References 44 publications

Determinants of Firm Failure: Empirical Evidence from China

Determinants of Firm Failure: Empirical Evidence from China

The Spanish Productivity Puzzle in the Great Recession

An Analysis of Productivity Performance in Spain Before and During the Crisis

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