Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
| Contribuinte(s) |
Universitat Rovira i Virgili. Departament d'Economia |
|---|---|
| Data(s) |
2004
|
| Resumo |
Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between 1994 and 2001. Estimates from systems of equations models provide evidence of a conical revolving door phenomenon and of partial adjustments in the replacement-displacement of large firms. KEYWORDS: aggregation, industry dynamics, panel data, symmetry, simultaneity. JEL CLASSIFICATION: C33, C52, L60, L11 |
| Formato |
140769 bytes application/pdf |
| Identificador | |
| Idioma(s) |
eng |
| Relação |
Documents de treball del Departament d'Economia;2004-4 |
| Direitos |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
| Palavras-Chave | #Agregació (Estadística) #Espanya #Indústries #Anàlisi de dades de pannell #Simetria (Matemàtica) |
| Tipo |
info:eu-repo/semantics/workingPaper |
