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초록
This study estimates the plant-level dynamics of productivity and employment in the United States. We use the Annual Survey of Manufactures from the US Census Bureau for the period 1972-1997. Applying the system generalized method of moments estimation developed by Blundell and Bond (1998), we find that productivity and employment processes are both strongly persistent. (C) 2015 Elsevier B.V. All rights reserved.
키워드
Plant-level productivity; Plant-level employment; Dynamic panel estimation; PANEL-DATA; TURNOVER; MODELS; MISALLOCATION; SELECTION; FINANCE
- 제목
- Productivity and employment dynamics of US manufacturing plants
- 저자
- Lee, Yoonsoo; Mukoyama, Toshihiko
- 발행일
- 2015-11
- 유형
- Article
- 권
- 136
- 페이지
- 190 ~ 193