1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that … enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

’ decision to enter, to expand if successful and to exit if competition becomes unbearable. In this paper, we focus on the … effects of financial development on the entry of new firms and the expansion of successful new businesses. Drawing from … entry of small firms and in sectors that are more dependent upon external finance. This finding is robust to controlling for …

be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable …. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the … possibility of entry. However, following De Soto (1989), there has been increasing emphasis on regulatory and institutional …

displacement accepted slower wage growth than otherwise comparable workers. The incentives to avoid displacement were strong … reemployment. Correcting for selection, real wage losses for displaced workers are comparable to those reported for displaced …

entrepreneurs exit and become workers. Quantitatively, the model fits both the U.S. time series experience and cross …