Turbulence in growing and declining industries

被引：25

作者：

Baptista, Rui ^{[1
,2
]}

Karaoez, Murat ^{[1
,3
]}

机构：

[1] Univ Tecn Lisboa, Inst Super Tecn, IN Ctr Innovat Technol & Policy Res, Lisbon, Portugal

[2] Univ Tecn Lisboa, Inst Super Tecn, Dept Engn & Management, Lisbon, Portugal

[3] Akdeniz Univ, Fac Econ & Adm Sci, Dept Econometr, TR-07058 Antalya, Turkey

来源：

SMALL BUSINESS ECONOMICS | 2011年 / 36卷 / 03期

关键词：

Displacement; Entry; Entry mistakes; Exit; Industry life cycle; Selection; Replacement; Turbulence; UNITED-STATES; PRODUCTIVITY GROWTH; EXIT DECISIONS; SMALL FIRMS; ENTRY; DETERMINANTS; EVOLUTION; SURVIVAL; INNOVATION; SIZE;

D O I：

10.1007/s11187-009-9226-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Turbulence over the industry life cycle is examined for the case of Portugal using the lowest possible level of industry aggregation, thus allowing for the use of panel data to study the evolution of product markets. Replacement of exiting firms by subsequent entrants plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As the industry life cycle progresses, trial-and-error entry and entry mistakes decrease, and turbulence subsides.

引用

页码：249 / 270

页数：22

共 72 条

[1] The evolution of markets and entry, exit and survival of firms [J].