The availability of longitudinal data for individual firms has allowed the improvementof the existing knowledge on market structure dynamics. We present additional evidence through the analysis of a cohort of Spanish manufacturing firms. Our results confirm some basic empirical findings obtained in studies for other countries. According to the behavior of the cohort we study, Gibrat's Law does not hold for new entrants. Patterns of market turbulence vary considerably according to the type of industry. The behavior of new firms seems to fit the learning model. The estimation of a hazard function demonstrates that the main regularities affecting the likelihood of survival of young firms are quite similar in different types of countries.
Review of Industrial Organization – Springer Journals
Published: Oct 13, 2004
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera