Use this identifier to quote or link this document: http://hdl.handle.net/2072/1778

Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
Manjón Antolín, Miguel C.
Universitat Rovira i Virgili. Departament d'Economia
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
2004
Agregació (Estadística)
Espanya
Indústries
Anàlisi de dades de pannell
Simetria (Matemàtica)
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/)
Working Paper
1576 - 3382
Documents de treball del Departament d'Economia;2004-4
         

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