, ; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Firm Entry and Exit and Aggregate Growth"; ; "batchuser@example.com"; "Asturias, Jose", "Kehoe, Timothy Jerome, 1953-", "Hur, Sewon", "Ruhl, Kim J."; "Federal Reserve Bank of Minneapolis"; "Barriers to technology adoption", "Entry", "Exit", "Entry costs", "Productivity"; "O38 - Technological Change: Government Policy", "O47 - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence", "E22 - Investment; Capital; Intangible Capital; Capacity", "O10 - Economic Development: General"; "Applying the Foster, Haltiwanger, and Krizan (FHK) (2001) decomposition to plant-level manufacturing data from Chile and Korea, we find that the entry and exit of plants account for a larger fraction of aggregate productivity growth during periods of fast GDP growth. To analyze this relationship, we develop a model of firm entry and exit based on Hopenhayn (1992). When we introduce reforms that reduce entry costs or reduce barriers to technology adoption into a calibrated model, we find that the entry and exit terms in the FHK decomposition become more important as GDP grows rapidly, just as they do in the data from Chile and Korea."^^; "2021-09-27"; "2019-05-17T13:45:02.726608903+00:00"^^; ; "https://doi.org/10.21034/sr.544"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2023-04-06T17:23:04.671698679+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "37", "354", "394", "677"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "544"; "Entry costs", "Productivity", "Entry", "Exit", "Barriers to technology adoption"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _American Economic Journal: Macroeconomics_ (Vol. 15, No. 1, January 2023, pp. 48-105), https://doi.org/10.1257/mac.20200376."^^; ; "Publication" . ; ; . ; ; .