| dc.creator |
Weber, Sebastian |
|
| dc.creator |
Döpke, Jörg |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T07:06:09Z |
|
| dc.date.available |
2013-10-16T07:06:09Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19658 |
|
| dc.identifier |
ppn:517218755 |
|
| dc.identifier |
RePEc:zbw:bubdp1:4758 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19658 |
|
| dc.description |
We analyse stylised facts for Germany's business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank's balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales growth regime switching to another regime in the next period, e.g. whether a firm that has witnessed a high growth rate is likely to stay in a regime of high growth or is bound to switch in a regime of low growth in the subsequent period. We find that these probabilities depend on the business cycle position. |
|
| dc.language |
eng |
|
| dc.relation |
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,29 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
D21 |
|
| dc.subject |
D92 |
|
| dc.subject |
E32 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
business cycles |
|
| dc.subject |
firm growth |
|
| dc.subject |
Markov chains |
|
| dc.subject |
Unternehmensentwicklung |
|
| dc.subject |
Unternehmenswachstum |
|
| dc.subject |
Konjunktur |
|
| dc.subject |
Markovscher Prozess |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Deutschland |
|
| dc.title |
The within-distribution business cycle dynamics of German firms |
|
| dc.type |
doc-type:workingPaper |
|
| dc.coverage |
1971-1998 |
|