Productivity Convergence at the Firm Level : Effects of Exit on Firm-level Productivity Growth in Japan(<Featured Theme><LIA-CASSH Report 2008>Comparative Approaches in Social Sciences and Humanities : A French-Japanese Initiative via Joint International Laboratory between CNRS and University of Tokyo)

Abstract

This paper investigates firm-level productivity growth with careful consideration on the effects of entry/exit. We found the productivity convergence among firms. Besides, the analysis without considering the effects of exits causes a statistically significant sample selection bias in the speed-of-convergence estimation