We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of ….5% because it deters entry of new high-type firms. 0n the contrary, substantial improvements (of the order of 5% improvement in …

We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs …

We explore entry into a foreign market with uncertain demand growth. A multinational can serve the foreign demand by …

to rates of entry and exit. This finding is consistent with industry dynamics along the balanced growth path of a general …

Using European data, this paper finds that (1) industry entry and exit rates are positively related to industry rates … of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross …-country differences in entry costs depends on industry rates of ISTC. The paper constructs a general equilibrium model in which the rate …

We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs …

that entry and exit rates are positively correlated across industries. Our objective is to investigate the effect of sunk … costs and, in particular, market size on entry and exit rates, and hence on the age distribution of firms. We analyze a …. We show existence and uniqueness of a stationary equilibrium with simultaneous entry and exit: efficient firms survive …