Paul Geroski has established two stylized facts with respect to the prevalence of differential changes (mobility) of indicators of economic and technological performance indicators: 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 1981-93 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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Paper provided by Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultïät in its series Working Paper Series B with number
2002-03.
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Find related papers by JEL classification: 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 - - - General C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
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