Geroski's Stylized Facts and Mobility of Large German Manufacturing Firms
AbstractPaul Geroski has established two stylized facts with respect to the prevalence of differential changes (mobility) of indicators of economic and technological performance: technological indicators show a larger amount of mobility than do economic indicators. We assess the two stylized facts for a sample of 392 large German firms observed over the period 1981--1993 and assigned to eleven manufacturing industries. We analyze these data with two novel methods, Salter curves and mobility indices based on fractile Markov chains. Our analysis supports Geroski's two stylized facts in the case of large German manufacturing firms taking account of sectoral differences.
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Bibliographic InfoArticle provided by Springer in its journal Review of Industrial Organization.
Volume (Year): 24 (2004)
Issue (Month): 3 (05)
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Web page: http://www.springerlink.com/link.asp?id=100336
Other versions of this item:
- Uwe Cantner, Jens J. Krüger, 2002. "Geroski's Stylized Facts and Mobility in Large German Manufacturing Firms," Working Paper Series B 2002-03, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultïät.
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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