Download full text
(1.048Mb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-241873
Exports for your reference manager
The within-distribution business cycle dynamics of German firms
[journal article]
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... view more
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... view less
Document language
English
Publication Year
2009
Page/Pages
p. 3789-
Journal
Applied Economics, 42 (2009) 29
DOI
https://doi.org/10.1080/00036840802360120
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)