Previous studies on productivity dynamics in Japan have suggested that one of the reasons for sluggish productivity growth in the economy was that highly productive firms exit the market, giving rise to a negative exit effect. This study is the first using census data and a large-scale micro data set to verify the negative exit effect in Japan. We conduct analyses of productivity dynamics using the micro data. The results show that there is indeed a negative exit effect in Japan and that this is driven mainly by the exit of a small number of highly productive firms.

中文翻译：

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日本的生产力动态和负面退出效应

先前对日本生产率动态的研究表明，经济生产率增长缓慢的原因之一是高生产率企业退出市场，从而产生负面退出效应。本研究首次使用人口普查数据和大规模微观数据集来验证日本的负面退出效应。我们使用微观数据对生产力动态进行分析。结果表明，日本确实存在负面退出效应，这主要是由少数高生产力企业的退出驱动的。