TY - JOUR
T1 - Firm growth and productivity growth
T2 - Evidence from a panel VAR
AU - Coad, Alexander Jean-Luc
AU - Broekel, T.
PY - 2012/4/1
Y1 - 2012/4/1
N2 - This article offers new insights into the processes of firm growth by applying a reduced-form Vector Autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales and gross operating surplus, as well as growth of multifactor productivity. It seems that employment growth is negatively associated with subsequent growth of productivity. This latter result, however, is sensitive to our choice of productivity indicator, i.e. multifactor productivity or labour productivity.
AB - This article offers new insights into the processes of firm growth by applying a reduced-form Vector Autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales and gross operating surplus, as well as growth of multifactor productivity. It seems that employment growth is negatively associated with subsequent growth of productivity. This latter result, however, is sensitive to our choice of productivity indicator, i.e. multifactor productivity or labour productivity.
UR - http://www.scopus.com/inward/record.url?scp=80051648766&partnerID=8YFLogxK
U2 - 10.1080/00036846.2010.539542
DO - 10.1080/00036846.2010.539542
M3 - Journal article
AN - SCOPUS:80051648766
SN - 0003-6846
VL - 44
SP - 1251
EP - 1269
JO - Applied Economics
JF - Applied Economics
IS - 10
ER -