Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
复制标题
企业规模和总体进入和退出的短期动态
DOI：
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发表时间：
2004
期刊：
影响因子：
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通讯作者：
M. Manjón
中科院分区：
文献类型：
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作者：
M. Manjon;M. Manjón
许多关于产业动态的研究集中在部门进入率和退出率之间的相互依赖性。本文认为，企业规模和反应调整期是该文献中遗漏的重要条件。我用1994年至2001年西班牙制造业的数据说明了这种遗漏的影响。方程组模型的估计提供了圆锥形旋转门现象和大公司替代位移部分调整的证据。
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.