Entry, exit and establishment survival in UK manufacturing

被引:168
作者
Disney, R
Haskel, J
Heden, Y
机构
[1] Univ Nottingham, Nottingham NG7 2RD, England
[2] Sch Econ, Inst Fiscal Studies, Nottingham NG7 2RD, England
[3] Univ London Queen Mary Coll, Dept Econ, London E1 4NS, England
[4] Univ London, CEPR, London E1 4NS, England
[5] Sveriges Riksbank, S-10337 Stockholm, Sweden
基金
英国经济与社会研究理事会;
关键词
D O I
10.1111/1467-6451.00193
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We study entry, exit and survival of UK manufacturing establishments from 1986 to 1991 using the newly released ARD database. We document patterns of entry and exit across industries and over time. We estimate an augmented Cox proportional hazard to examine the survival of new plants in the UK in this period. We find interactions between survival, size and age of establishment that differ between establishments that are singles and part of a group. We speculate that this finding may be consistent with market selection models based on learning.
引用
收藏
页码:91 / 112
页数:22
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