Firm dynamics in news-driven business cycles: the role of endogenous survival rate | |
Fan, Haichao1; Xu, Zhiwei2 | |
刊名 | APPLIED ECONOMICS
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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. |
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