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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 …
Persistent link: https://www.econbiz.de/10010267353
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 …
Persistent link: https://www.econbiz.de/10010271755
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of … licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by … discouraging entry. However, in the presence of a licence fee, bureaucratic delay creates a strategic opportunity, which can result …
Persistent link: https://www.econbiz.de/10010267763
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 … other potential entry barriers (labor market regulations and entry regulations). On the other hand, financial development …
Persistent link: https://www.econbiz.de/10010268719
entry and exit as well as survival analysis of new firms. Also decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms is carried out. Our … Estonia during the observed period from 1995 to 2001, resulting from low institutional entry barriers and emergence of the SME …
Persistent link: https://www.econbiz.de/10010261995
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different … the government incentive to impact on entry costs, and how entry subsidies can be used strategically in open economies. We … firms where government subsidizes entry of domestic entrepreneurs. Under autarky the entry subsidy indirectly corrects for …
Persistent link: https://www.econbiz.de/10010271259
matching model which illustrates how barriers to entry in the product market mitigate the impact of labor market deregulation …. We, then, use the Italian Social Security employeremployee panel to study the interaction between barriers to entry and …
Persistent link: https://www.econbiz.de/10010274496
In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...
Persistent link: https://www.econbiz.de/10010274617