Dynamic Entry and Exit Linkages in the Brazilian Manufacturing Industry: An Econometric Investigation

Marcelo Resende, Eduardo Ribeiro and Rodrigo Zeidan

No 4209, CESifo Working Paper Series from CESifo

Abstract: The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business cycle. The empirical evidence is consistent with a multiplier effect where synergetic factors prevail either by entry inducing entry or by exit inducing exit. Evidence partially supports a competition effect that could be related to a selection process favouring efficiency, as exit induces entry. The business cycle control variable appears to play no role. The results are similar, though not identical to previous evidence for developed countries.

Keywords: entry and exit rates; dynamic panel data (search for similar items in EconPapers)
JEL-codes: C33 L10 (search for similar items in EconPapers)
Date: 2013
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Related works:
Journal Article: Dynamic Entry and Exit Linkages in the Brazilian Manufacturing Industry: An Econometric Investigation (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4209

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