학술논문
Plant-level Dynamics and Business Cycles
이용수 3
- 영문명
- Plant-level Dynamics and Business Cycles
- 발행기관
- 한국계량경제학회
- 저자명
- Yoonsoo Lee Toshihiko Mukoyama CIREQ
- 간행물 정보
- 『한국계량경제학회 학술대회 논문집』2007년 하계학술대회, 1~25쪽, 전체 25쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2007.08.30
5,800원
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국문 초록
영문 초록
This paper analyzes the implications of plant-level dynamics in the aggregate economy.
We first document the basic properties of plant entry, exit, size, and productivity in the U.S. manufacturing sector. In particular, we show how the pattern of entry and exit varies during the business cycle. Second, we build a model of plant entry and exit. The size and productivity of the entering/exiting plants are determined endogenously. We then extend the model to incorporate aggregate shocks, and examine the policy implications of the model.
목차
1 Introduction
2 Empirical Evidence of Employment and Productivity Dynamics
3 Model without Aggregate Shocks
4 Model with Aggregate Shocks
5 Plant-level dynamics and business cycles (in progress)
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