Open AccessPosted Content
Industrial Organization and New Findings on the Turnover and Mobility of Firms
TLDR
In this article, a large new literature derived from longitudinal data bases on the populations of firms and establishmnets in a number of countries is surveyed, showing the prevasiveness of turnover from entry and exit (high infant mortality of entrants); the entry process shows a good deal of rationality about entrants' chances and the importance of real options for entrants.Abstract:
This paper surveys a large new literature derived from longitudinal data bases on the populations of firms and establishmnets in a number of countries. It shows the prevasiveness of turnover from entry and exit (high infant mortality of entrants); the entry process shows a good deal of rationality about entrants' chances and the importance of real options for entrants. Mobility and mean-regression processes are pervasive among incumbent firms. This evidence is related to the existing core of industrial organization, derived from equilibrium models, with emphasis on the integration of random processes and purposive behavior. Turnover and mobility are also related to productivity growth and the prevalence of productive inefficiency.read more
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The Promise of Entrepreneurship as a Field of Research
TL;DR: In this article, the authors draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field of entrepreneurship, and predict a set of outcomes not explained or predicted by conceptual frameworks already in existence in other fields.
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The Promise of Enterpreneurship as a Field of Research
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Manufacturing Firms in Developing Countries: How Well Do They Do, and Why?
James Tybout,James Tybout +1 more
TL;DR: Tybout et al. as mentioned in this paper found that protection increases firms' price-cost margins and reduces average efficiency levels at the margin, which suggests that the general trend toward trade liberalization has yielded greater benefits than the traditional gains from specialization.
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Aggregate Productivity Growth: Lessons from Microeconomic Evidence
TL;DR: The authors examined the relationship between microeconomic productivity dynamics and aggregate productivity growth using establishment-level data for U.S. manufacturing establishments as well for selected service industries and found that the contribution of reallocation of outputs and inputs from less productive to more productive establishments plays a significant role in accounting for aggregate productivity.
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The Effect of Entrepreneurial Activity on National Economic Growth
TL;DR: This article found that entrepreneurial activity by nascent entrepreneurs and owner/managers of young businesses affects economic growth, but that this effect depends upon the level of per capita income, which suggests that entrepreneurship plays a different role in countries in different stages of economic development.
References
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Posted Content
The Dynamics Of Productivity In The Telecommunications Equipment Industry
George S Olley,Ariel Pakes +1 more
TL;DR: In this article, the authors developed an estimation algorithm that takes into account the relationship between productivity on the one hand, and both input demand and survival on the other, guided by a dynamic equilibrium model that generates the exit and input demand equations needed to correct for the simultaneity and selection problems.
Journal ArticleDOI
Job Creation and Job Destruction in the Theory of Unemployment
TL;DR: In this paper, a job-specific shock process in the matching model of unemployment with non-cooperative wage behavior is modeled and the authors obtain endogenous job creation and job destruction processes and study their properties.
ReportDOI
The Dynamics of Productivity in the Telecommunications Equipment Industry
G. Steven Olley,Ariel Pakes +1 more
TL;DR: In this paper, an empirical focus is on estimating the parameters of a production function for the equipment industry, and then using those estimates to analyze the evolution of plant-level productivity.
Book
Selection and the evolution of industry
TL;DR: In this paper, the authors provide a theory of selection with incomplete information that is consistent with these and other findings, and give rise to entry, growth, and exit behavior that agrees, broadly, with the evidence.