In a small open economy, the crowding-out effects on private demand of increasing public expenditures are different under fixed and flexible exchange rates. Differences also emerge under perfect and imperfect capital mobility as well as under full and imperfect capacity utilization. After...

In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models that...

In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models that...