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Title:
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Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
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Author:
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Manjón Antolín, Miguel C.
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia |
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Abstract:
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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 |
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Publication date:
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2004 |
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Subject(s):
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-Agregació (Estadística)
-Espanya
-Indústries
-Anàlisi de dades de pannell
-Simetria (Matemàtica) |
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Rights:
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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/) |
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Document type:
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Working Paper |
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ISSN:
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1576 - 3382
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Collection:
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Documents de treball del Departament d'Economia;2004-4
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