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 …

evidence for a prolonged positive exit effect that mirrors market selection during the early stages of firms'; lifecycle. This … effect is tightly related to the negative initial productivity effect of entry. We also find some evidence that productivity …

decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are …

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 …