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dc.creatorCasares Polo, Migueles_ES
dc.date.accessioned2016-05-10T07:40:34Z
dc.date.available2016-05-10T07:40:34Z
dc.date.issued2015
dc.identifier.urihttps://hdl.handle.net/2454/20633
dc.description.abstractI show evidence indicating that the variability of the total number of business units (establishments) has significantly increased in recent US business cycles, accounting for nearly 2/3 of real GDP fluctuations during the 2003-2012 decade. Next, I examine the role of business creation and destruction in an estimated DSGE-style model extended with endogenous entry and exit. Shocks on both entry and, especially, exit have played a crucial role on explaining the latest boom-bust cycle in the US economy. I also find that the estimated innovations of total factor productivity are positive and high in 2010-2012, which might be the consequence of the dramatic increase in the exit rates observed during the recession of 2008-2009.en
dc.description.sponsorshipThe author would like to thank the Spanish government (research project ECO2011-24304) for financial support.en
dc.format.extent61 p.
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries1503en
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectEntry and exiten
dc.subjectDSGE modelsen
dc.subjectUS business cyclesen
dc.titleEntry and exit in recent US business cyclesen
dc.typeDocumento de trabajo / Lan gaiakes
dc.typeinfo:eu-repo/semantics/workingPaperen
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.relation.projectIDinfo:eu-repo/grantAgreement/MICINN//ECO2011-24304/ES/en


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CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
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