Macroeconomic Fluctuations and Firm Survival Based on DSGE and Numerical Simulation
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    Abstract:

    This paper studies exogenous shocks impact on enterprise survival in a DSGE model. The calibration results of the model indicate that money preference shock has a small influence on firm survival, but it has long-run fluctuation. And technology shock has a long-run positive impact on the enterprise survival. The paper gets following results: First, money preference fluctuation has steady utility to firm survival; second, because technology fluctuation has positive impact on firm survival, we should encourage firms to innovation to enhance enterprise survival capacity.

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周明,陈科.宏观经济波动与企业生存状况的DSGE模型构建与数值模拟[J].重庆大学学报社会科学版,2013,19(3):20~26

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  • Received:
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  • Online: May 17,2013
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