Replication data for: Entry, Exit, and Investment-Specific Technical Change

Principal Investigator(s):  View help for Principal Investigator(s) Roberto M. Samaniego

Version:  View help for Version V1

Name File Type Size Last Modified
AER20071414r3diffindiff.dta application/octet-stream 41.9 KB 10/11/2019 10:31:AM
AER20071415r3industryvariables.dta application/octet-stream 4.7 KB 10/11/2019 10:31:AM
AER20071415r3readme.txt text/x-fortran 2.3 KB 10/11/2019 10:31:AM
LICENSE.txt text/plain 14.6 KB 10/11/2019 10:31:AM

Project Citation: 

Samaniego, Roberto M. Replication data for: Entry, Exit, and Investment-Specific Technical Change. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112323V1

Project Description

Summary:  View help for Summary Using European data, this paper finds that (i) industry entry and exit rates are positively related to industry rates of investment-specific technical change (ISTC); and (ii) the sensitivity of industry entry and exit rates to cross-country differences in entry costs depends on industry rates of ISTC. The paper constructs a general equilibrium model in which the rate of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents. In the calibrated model, equilibrium behavior is consistent with stylized facts (i) and (ii), provided the cost of technology adoption is increasing in the rate of ISTC. (JEL G31, L11, O31, O33)

Scope of Project

Subject Terms:  View help for Subject Terms Survey data from EUROSTAT
JEL Classification:  View help for JEL Classification
      G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms
      O31 Innovation and Invention: Processes and Incentives
      O33 Technological Change: Choices and Consequences; Diffusion Processes
Geographic Coverage:  View help for Geographic Coverage Europe
Time Period(s):  View help for Time Period(s) 1997 – 2004
Universe:  View help for Universe Establishments in many European countries
Data Type(s):  View help for Data Type(s) survey data; census/enumeration data
Collection Notes:  View help for Collection Notes Publicly available from EUROSTAT

Methodology

Data Source:  View help for Data Source EUROSTAT
Unit(s) of Observation:  View help for Unit(s) of Observation Country x industry,

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V1 [2019-10-11]

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