Plant exit, vintage capital and the business cycle

Journal of Industrial Economics

Volumn 52, Issue 2, 2004, Pages 255-276

  Salvanes, Kjell G ^a,b   Tveteras, Ragnar ^c  

^a NORWEGIAN SCHOOL OF ECONOMICS   (Norway)

^b STATISTICS NORWAY   (Norway)

^c UNIVERSITY OF STAVANGER   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 3042858049     PISSN: 00221821     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.0022-1821.2004.00225.x     Document Type: Review

References (31)

1. Blanchard, O. J. and Diamond, P., 1990, 'The Cyclical Behavior of Gross Flows of U.S. Workers," Brooking Papers of Economic Activity, 2, pp. 85-155.
2. Boeri, T., 1996, 'Is Job Turnover Countercyclical?,' Journal of Labor Economics, 14, pp. 1279-1292.
3. Boeri, T. and Bellmann, L., 1995, 'Post-Entry Behaviour and the Cycle: Evidence from Germany,' International Journal of Industrial Organization, 13, pp. 483-500.
4. Caballero, R. J. and Hammour, M. L., 1994, 'The Cleansing Effect of Creative Destruction,' American Economic Review, 84(5), pp. 1350-1368.
5. Caballero, R. J. and Hammour, M. L., 1996, 'On the Timing and Efficiency of Creative Destruction,' Quarterly Journal of Economics, 111, pp. 805-852.
6. Davis, S. and Haltiwanger, J., 1990, 'Gross Job Creation and Destruction: Microeconomics Evidence and Macroeconomic Implications,' in Blanchard, O. J. and Fisher, S. (eds.), NBER Macroeconomic Annual (MIT Press, Cambridge, MA).
7. Davis, S. and Haltiwanger, J., 1992, 'Gross Job Creation, Gross Job Destruction, and Employment Reallocation,' Quarterly Journal of Economics, 107(3), pp. 818-863.
8. Dunne, T., 1994, 'Plant Age and Technology Use in U.S. Manufacturing Industries,' Rand Journal of Economics, 25(3), pp. 488-499.
9. Dunne, T., Roberts, M. J. and Samuelson, L., 1989, 'Plant Turnover and Gross Employment Flows in the US Manufacturing Sector,' Journal of Labor Economics, 7(1), pp. 48-71.
10. Eide, E., 1969, En Metode for konstruksjon av aggregerte korttids produktfunksjoner illustrert med data for den norske tankflåte (A Method for Construction of Aggregated Short-Run Production Functions Illustrated with Data for Norwegian Tankers) (in Norwegian) memo, University of Oslo.
11. von der Fehr, N.-H. Mørch, 1991, 'Domestic Entry in Norwegian Manufacturing Industries,' in Geroski, P. A. and Schwalbach, J. (eds.), Entry and Market Contestability, pp. 89-110 (Basil Blackwell, Oxford).
12. Geroski, P. A., 1991, Market Dynamics and Entry (Blackwell, Oxford).
13. Halvorsen, R., Jensen, R. and Foyn, F., 1991, Dokumentasjon av Industristatistikkens Tidsseriebase, report, Statistics Norway.
14. Johansen, L., 1959, 'Substitution versus Fixed Production Coefficients in the Theory of Economic Growth,' Econometrica, 27, pp. 157-176.
15. Johansen, L., 1972, Production Functions (North-Holland, Amsterdam).
16. Jovanovic, B., 1982, 'Selection and the Evolution of Industry,' Econometrica, 50(3), pp. 649-670.
17. Klette, T. J. and Mathiassen, A., 1996, 'Job Creation, Job Destruction and Plant Turnover in Norwegian Manufacturing,' Annales d'Economie et de Statistique, 41/42, pp. 97-125.
18. Konings, J., 1995, 'Job Creation and Job Destruction in the UK Manufacturing Sector,' Oxford Bulletin of Economics and Statistics, 57, pp. 5-24.
19. Lambson, V. E., 1991, 'Industry Evolution with Sunk Costs and Uncertain Market Conditions,' International Journal of Industrial Organization, 9, pp. 171-196.
20. Leonard, J., 1987, 'In the Wrong Place at the Wrong Time: The Extent of Frictional and Structural Unemployment,' in Lang, K. and Leonard, J. (eds.), Unemployment and the Structure of Labor Markets (Blackwell, London).
21. Mairesse, J., 1978, 'New Estimates of Embodied and Disembodied Technical Progress,' Annales de l'Insee, 30/31, pp. 681-720.
22. Mata, J., Portugal, P. and Guimaraes, P., 1995, 'The Survival of New Plants: Start-Up Conditions and Post-Entry Evolution,' International Journal of Industrial Organization, 13, pp. 459-481.
23. Mata, J. and Portugal, P., 1997, 'Patterns of Entry, Post-Entry Growth and Survival: A Comparison Between Domestic and Foreign Owned Firms,' paper presented at the 25th EARIE Conference, Copenhagen, August 27-30, 1998.
24. Olley, G. S. and Pakes, A., 1996, 'The Dynamics of Productivity in the Telecommunication Equipment Industry,' Econometrica, 64(6), pp. 1263-1297.
25. Pakes, A. and Ericson, R., 1992, 'Empirical Implications of an Alternative Models of Firm Dynamics,' NBER Working Paper No. 2893.
26. Powers, L., 1998, 'The Missing Link: Technology, Investment, and Productivity,' The Review of Economics and Statistics, 80, pp. 300-313.
27. Salvanes, K. G., 1997, 'Market Rigidities and Labour Market Flexibility: An International Comparison,' Scandinavian Journal of Economics, 99(2), pp. 315-333.
28. Salvanes, K. G. and Førre, S. E., 2003, 'Employment Effects of Technological Change and Trade: Evidence from Norway,' Economica, 70(2), pp. 293-329.
29. Solow, R. M., 1956, 'Technical Change and the Aggregate Production Function,' Quarterly Journal Economics, 70(1), pp. 65-94.
30. Tveteras, R. and Eide, G. E., 2000, 'Survival of New Plants in Different Industry Environments in Norwegian Manufacturing: A Semi-proportional Cox Model Approach,' Small Business Economics, 14(1), pp. 65-82.
31. Wedervang, F., 1965, Development of a Population of Industrial Firms (Universitetsforlaget, Bergen).