Entry and exit of firms in a global economy: a cross-country and industry analysis

Italo Colantone () and Leo Sleuwaegen

Vlerick Leuven Gent Management School Working Paper Series from Vlerick Leuven Gent Management School

Abstract: This paper examines the impact of international trade on firm entry and exit in Europe. The results point to strong displacement exit and less creative replacement entry in industries characterized by increasing import competition Moreover, the evidence suggests strong selection and higher entry barriers in industries characterized by higher openness through the export channel. The negative effects of trade openness lose importance if the increasing trade exposure concerns intra-industry trade, mainly coupled with international sourcing within the industry.

Keywords: Globalization; Exit; Entry (search for similar items in EconPapers)
Pages: 31 pages
Date: 2008-01-11
New Economics Papers: this item is included in nep-com, nep-ent, nep-int and nep-tid
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