Greenaway, David; Gullstrand, Joakim; Kneller, Richard - 2005
This paper investigates the effects of international trade on firms' exit decision in Sweden, where exit can be by … probability of exit by merger and closedown compared to no change. If trade is intra-industry in character the effect of import … penetration on the probability of exit mitigates. The probability of exit by switching industry is higher in industries …