Two otherwise identical firms that enter the same market in different months, one in January and one in December, will report dramatically different annual sales for the first calendar year of operations. This partial year effect in annual data leads to downward biased observations of the level of activity upon entry and upward biased growth rates between the year of entry and the following year. This paper examines the implications of partial year...
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INFORMATION
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2013/11/01
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Document de travail de recherche sur les politiques
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WPS6711
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1
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1
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2013/11/01
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Disclosed
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Exporter dynamics, firm size and growth, and partial year effects
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Poverty Reduction & Economic Management