Found 4 article(s) for author 'Entry'

Immigrant Entrepreneurship

Immigrant Entrepreneurship. William R. Kerr, December 2014, Paper. “This chapter examines immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. We quantify immigrant contributions to new firm creation in a wide variety of fields and using multiple definitions. While significant research effort has gone into understanding the economic impact of immigration into the United States, comprehensive data for quantifying immigrant entrepreneurship are difficult to assemble…” Link

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What Do We Learn From Schumpeterian Growth Theory?

What Do We Learn From Schumpeterian Growth Theory. Philippe Aghion, February 15, 2013, Paper. “Schumpeterian growth theory has “operationalized” Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure; (ii) rm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth institutions; (iv) the emergence and impact of long-term…”  Link

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Innovation, Reallocation and Growth

Innovation, Reallocation and Growth. William R. Kerr, 2013, Paper. “We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of a range of micro estimates…” Link

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Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms: Theory and Evidence.

Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms. Philippe Aghion, March 2007, Paper. “Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to exit if competition becomes unbearable. In this paper, we focus on the effects of financial development on the entry of new firms and the expansion of successful new businesses…Link

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