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Entry and exit : a county-level analysis
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Love, James H. (1996) Entry and exit : a county-level analysis. Applied Economics, Volume 28 (Number 4). pp. 441-451. doi:10.1080/000368496328579 ISSN 0003-6846.
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Official URL: http://dx.doi.org/10.1080/000368496328579
Abstract
A simultaneous model of firm entry and exit is estimated for the counties of Great Britain. This is based on a simple model of entrepreneurial choice augmented by labour market and local economic infrastructure influences. A formal test of recursiveness is carried out and the system is found to be non-recursive. The rate of exit is found
to be the sole influence on the entry rate, while exit is influenced by entry, the rate of change of unemployment, and the availability of managerial skills in the local area. The results are compared with an estimation which fails to allow properly for simultaneity, and policy implications are discussed.
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | Applied Economics | ||||||
| Publisher: | Taylor & Francis Ltd. | ||||||
| ISSN: | 0003-6846 | ||||||
| Official Date: | 1996 | ||||||
| Dates: |
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| Volume: | Volume 28 | ||||||
| Number: | Number 4 | ||||||
| Page Range: | pp. 441-451 | ||||||
| DOI: | 10.1080/000368496328579 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
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