Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - 2007
entry and exit rates are fairly similar across industrial countries, post-entry performance differs markedly between Europe …-specific factors as opposed to sector and time effects. All countries display a massive reallocation of resources, with the entry and … exit of many firms in all markets, the failure of many newcomers, and the expansion of successful ones. This process of …