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The within-distribution business cycle dynamics of German firms

[Zeitschriftenartikel]

Doepke, Joerg; Weber, Sebastian

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-241873

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Abstract In this paper we analyse stylised facts for Germany’s business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank’s balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales growth regime switching to another regime in the next period, e.g. whether a firm that has witnessed a high growth rate is likely to stay in a regime of high growth or is bound to switch in a regime of low growth in the subsequent period. We find that these probabilities depend on the business cycle position
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 3789-
Zeitschriftentitel Applied Economics, 42 (2009) 29
DOI http://dx.doi.org/10.1080/00036840802360120
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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