The authors follow firms created in Portuguese manufacturing in 1983 and study the determinants of their lifetime. One fifth of them died during the first year of their lives and only 50 percent survived for four years. Duration and limited-dependent variable models are employed to ascertain the...

Studies the longevity of startups and the determinants of survival for new manufacturing plants, using econometric duration models to analyze the timing of plant exits. A database of 17,000 Portuguese manufacturing plants opened in the 1980s is used to determine effect of plant size on the...