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Geroski's Stylized Facts and Mobility in Large German Manufacturing Firms

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  • Uwe Cantner, Jens J. Krüger

    () (University of Jena, Faculty of Economics)

Abstract

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.

Suggested Citation

  • 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.
  • Handle: RePEc:jen:jenavo:2002-03
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    References listed on IDEAS

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    Cited by:

    1. Dosi, Giovanni & Nelson, Richard R., 2010. "Technical Change and Industrial Dynamics as Evolutionary Processes," Handbook of the Economics of Innovation, Elsevier.
    2. Sierdjan Koster & André Stel & Mickey Folkeringa, 2012. "Start-ups as drivers of market mobility: an analysis at the region–sector level for The Netherlands," Small Business Economics, Springer, vol. 39(3), pages 575-585, October.
    3. Mickey Folkeringa & Andre Van Stel & Kashifa Suddle & Sita Tan, 2011. "Measuring business dynamics among incumbent firms in The Netherlands," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, pages 185-206.
    4. Uwe Cantner, 2016. "Foundations of economic change—an extended Schumpeterian approach," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 701-736, October.
    5. Hans Lööf, 2011. "R&D-Persistency, Metropolitan Externalities and Productivity," ERSA conference papers ersa11p1396, European Regional Science Association.
    6. Sanatkhani, Mahboobeh & Vasaf, Esmaeil, 2014. "Dynamics of innovation and efficiency in banking system: An application of SFA and meta-frontier method," MPRA Paper 64840, University Library of Munich, Germany.

    More about this item

    Keywords

    distribution dynamics; Markov chains; mobility measurement; productivity;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; 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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