Samaniego, Roberto M. - Department of Economics, University of Pennsylvania - 2008
Using European data, this paper finds that (1) industry entry and exit rates are positively related to industry rates … of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross …-country differences in entry costs depends on industry rates of ISTC. The paper constructs a general equilibrium model in which the rate …