disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this … in undershoots a lack of competition between incumbent firms contributes to restoration of equilibrium (creating room for …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …

by both high entry and high exit rates. … entrepreneurs and theentry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach tothe …

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 …

underestimate the true trading character of an economy. Furthermore, we find that in enhancing transactions cities or agglomerations … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

is necessary to increase expenditure on R&D for business enterprises and higher education, exports and technology. If the …

services as inputs in manufacturing, with a particular focus on indirect exports of services through merchandise exports, and … also on the related interaction between service sector openness and the overall pattern of manufacturing exports. From the …

countries is large, while exports become more important if scale economies in production are large. This paper investigates … empirically the effect of different dimensions of distance on the choice between exports and FDI. We find that different … dimensions of distance affect exports and FDI differently. There is clear evidence of a proximity-concentration trade-off in …

Traditional heterogeneous firms and trade models predict no causal relationship between firms' exports and domestic …-product sales in different markets for the first time in the literature to identify the channels that link exports and domestic … sales. First, I use an instrumental variables strategy and establish that an exogenous doubling of exports increases a firm …