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Dynamic Entry and Exit Linkages in the Brazilian Manufacturing Industry : An Econometric Investigation
Resende, Marcelo; Ribeiro, Eduardo P.; Zeidan, Rodrigo M. - 2021
The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10013315797
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A Unified Theory of Firm Selection and Growth
Arkolakis, Costas - 2021
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of balanced growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements while there is continuous arrival of new potential producers. Firms can also...
Persistent link: https://www.econbiz.de/10013316364
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Entrepreneurial Innovations and Taxation
Haufler, Andreas - 2014
In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...
Persistent link: https://www.econbiz.de/10013067942
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Exit Dynamics of Start-Up Firms : Does Profit Matter?
Golombek, Rolf - 2015
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10013028914
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Determinants of Survival of Newly Created SMEs in the Brazilian Manufacturing : An Econometric Study
Facanha, Luis Otavio - 2012
The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The...
Persistent link: https://www.econbiz.de/10013110414
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Immigration and Entrepreneurship
Fairlie, Robert W. - 2015
Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This is reflected in immigration policies and many developed countries have created special visas and entry requirements in an attempt to attract immigrant entrepreneurs. Not...
Persistent link: https://www.econbiz.de/10013023916
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Entrepreneurship, Economic Conditions, and the Great Recession
Fairlie, Robert W. - 2015
conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … individuals who are initially not employed respond more to high local unemployment rates by starting businesses than wage … influences resulting in higher levels of business creation. Using the regression estimates for the local unemployment rate …
Persistent link: https://www.econbiz.de/10013035881
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Heterogeneity, Vetoes, and Exit Clauses in Federal Systems
Huysmans, Martijn - 2018
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on issues of credible commitment, signaling, and the risk of strategic exploitation. However, such accounts are unable to explain the adoption by the European Union (EU) of Article...
Persistent link: https://www.econbiz.de/10012910625
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Export Market Exit, Financial Pressure and the Crisis
Görg, Holger - 2013
Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...
Persistent link: https://www.econbiz.de/10013076975
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Exit and Power in General Equilibrium
Gersbach, Hans; Haller, Hans H. - 2021
We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...
Persistent link: https://www.econbiz.de/10013316483