Firm dynamics in news-driven business cycles: the role of endogenous survival rate

doi:10.1080/00036846.2014.884701

CORC > 上海财经大学 > 上海财经大学

	Firm dynamics in news-driven business cycles: the role of endogenous survival rate
	Fan, Haichao 1; Xu, Zhiwei 2
刊名	APPLIED ECONOMICS
	2014
卷号	46 期号:15 页码:1767-1777
关键词	firm dynamics aggregate co-movement expectation-driven business cycle news shocks
ISSN号	0003-6846
DOI	10.1080/00036846.2014.884701
英文摘要	Evidences from the structural vector-error correction model shows that the new business formation and stock prices co-moves with output under news shocks. However, simply incorporating firm dynamics into Jaimovich and Rebelo's (Jaimovich and Rebelo, 2009) model cannot explain these empirical findings. We show that this problem can be resolved by introducing endogenous survival rates for the new entrants.
WOS研究方向	Business & Economics
语种	英语
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
WOS记录号	WOS:000337232800006
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1859]
专题	上海财经大学
通讯作者	Fan, Haichao
作者单位	1.Shanghai Univ Finance & Econ, Sch Int Business Adm, Shanghai, Peoples R China; 2.Shanghai Jiao Tong Univ, Antai Coll Econ & Management, Shanghai 200030, Peoples R China
推荐引用方式 GB/T 7714	Fan, Haichao,Xu, Zhiwei. Firm dynamics in news-driven business cycles: the role of endogenous survival rate[J]. APPLIED ECONOMICS,2014,46(15):1767-1777.
APA	Fan, Haichao,&Xu, Zhiwei.(2014).Firm dynamics in news-driven business cycles: the role of endogenous survival rate.APPLIED ECONOMICS,46(15),1767-1777.
MLA	Fan, Haichao,et al."Firm dynamics in news-driven business cycles: the role of endogenous survival rate".APPLIED ECONOMICS 46.15(2014):1767-1777.