Firm Size and Short-Term Dynamics in Aggregate Entry and Exit

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RECERCAT Home > Universitat Rovira i Virgili > Departament d'Economia > Documents de treball del Departament d'Economia > View document

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

dc.contributor	Universitat Rovira i Virgili. Departament d'Economia
dc.contributor.author	Manjón Antolín, Miguel C.
dc.date.accessioned	2006-04-27T18:12:47Z
dc.date.available	2006-04-27T18:12:47Z
dc.date.issued	2004
dc.identifier.issn	1576 - 3382
dc.identifier.uri	http://hdl.handle.net/2072/1778
dc.description.sponsorship	Research funding from the CICYT grant SEC2000-0882-C02-02.
dc.format.extent	140769 bytes
dc.format.mimetype	application/pdf
dc.language.iso	eng
dc.relation.ispartofseries	Documents de treball del Departament d'Economia;2004-4
dc.rights	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/)
dc.subject	Agregació (Estadística)
dc.subject	Espanya
dc.subject	Indústries
dc.subject	Anàlisi de dades de pannell
dc.subject	Simetria (Matemàtica)
dc.title	Firm Size and Short-Term Dynamics in Aggregate Entry and Exit
dc.type	info:eu-repo/semantics/workingPaper
dc.description.abstract	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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