Louri, H. and Anagnostaki, V. (1995): Entry and exit from Greek manufacturing industry: a test of the symmetry hypothesis. Published in: International Review of Applied Economics , Vol. 9, No. 1 (1995): pp. 86-95.
Download (422Kb) | Preview
The paper examines the role of trade patterns in the entry and exit decisions of firms and tests the existence of symmetry between entry and exit factors. Trade patterns were found, through their entry and exit impact, to affect the structure of Greek industry rather unfavourably. Prospects seem to be bleaker within the integrated European market of the 1990s. The lack of symmetry leads to increasing concentration. The gloomy outlook is improved by the strong stand of existing, competitive firms.
|Item Type:||MPRA Paper|
|Original Title:||Entry and exit from Greek manufacturing industry: a test of the symmetry hypothesis|
|Keywords:||firm entry; exit; symmetry|
|Subjects:||L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L25 - Firm Performance: Size, Diversification, and Scope
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure
|Depositing User:||Helen Louri|
|Date Deposited:||08. Aug 2012 16:59|
|Last Modified:||18. Feb 2013 02:42|
Acs, Z. and Audretsch, D. 1989: Small-firm entry in U.S. manufacturing. Economica 56,255-65.
Badden-Fuller, G. 1989: Exit from the declining industries and the case of steel castings. Economic Journal 99,949-61.
Baldwin, J. and Gorecki, P. 1987: Plant creation versus plant acquisition: The entry process in Canadian manufacturing. International Journal of Industrial Organization 5,27-41.
Baldwin, J. and Gorecki, P. 1991: Firm entry and exit in the Canadian manufacturing sector, 1970-82. Canadian Journal of Economics 24,300-23.
Caves, R. and Porter, M. 1976: Barriers to exit. In R. Masson and D. Qualls, editors, Essays on industrial organization in honour of Joe Bain. Cambridge, MA: Ballinger.
Confederation of Greek Industries (1979-1990), The Greek industry in 1978-1989, Athens (in Greek).
Deutsch, L. 1984a: Entry and the extent of multi-plant operations. Journal of Industrial Economics 32,477-87.
Deutsch, L. 1984b: An examination of industry exit patterns. Review of Industrial Organization 1,60-69.
Dunne, T., Roberts, M. and Samuelson, L. 1988: Patterns of firm entry and exit in US manufacturing industries. Rand Journal of Economics 19, 495-515.
Eaton, B. and Lipsey, R. 1980: Exit barriers are entry barriers: the durability of capital as a barrier to entry. Bell Journal of Economics 11,721-29.
Eaton, B. and Lipsey, R. 1981: Capital commitment and entry equilibrium. Bell Journal of Economics 12,593-604.
Geroski, P. 1991a: Market dynamics and entry. Oxford: Basil Blackwell.
Geroski, P. 1991b: Domestic and foreign entry in the United Kingdom: 1983-1984. In Geroski, P. and Schwalbach, J., Entry and market contestability. Oxford: Basil Blackwell.
Geroski, P., Gilbert, R. and Jacquemin, A. 1990: Barriers to entry and strategic competition. London: Harwood.
Hilke, J. 1984: Excess capacity and entry: some empirical evidence. Journal of Industrial Economics 33,233-40.
Judge et al. 1988: Introduction to the theory and practice of econometrics. New York: Wiley.
Kessides, I. 1986: Advertising, sunk costs and barriers to entry. Review of Economics and Statistics 84-95.
Kessides, I. 1991: Entry and market contestability: The evidence from the United States. In Geroski, P. and Schwallbach, J., Entry and market contestability. Oxford: Basil Blackwell.
Khemani, R. and Shapiro, D. 1986: The determinants of new plant entry in Canada. Applied Economics 18,1243-57.
Lieberman, M. 1987: Excess capacity as a barrier to entry: an empirical appraisal. Journal of Industrial Economics 35,607-27.
Lieberman, M. 1990: Exit from declining industries: 'shakeout' or 'stakeout'? Rand Journal of Economics 21,538-54.
Londregan, J. 1990: Entry and exit over the industry life cycle. Rand Journal of Economics 21,446-58.
MacDonald, J. 1986: Entry and exit on the competitive fringe. Southern Economic Journal 52,640-52.
Mayer, W. and Chappel, W. 1992: Determinants of entry and exit: An application of the compounded bivariate Poisson distribution to US industries, 1972-77. Southern Economic Journal, 58,770-78.
Orr, D. 1974: The determinants of entry: a study of the Canadian manufacturing industries. Review of Economics & Statistics 61,58-66.
Sargan, J. 1964: Wages and prices in the U.K.: A study in econometric methodology. In Hart, P., Millis, G. and Whitaker, J., editors, Econometric analysis for national economic planning. London: Butterworth.
Schwallbach, J. 1987: Entry by diversified firms into German industries. International Journal of Industrial Organization 5,43-49.
Schwallbach, J. 1991: Entry, exit concentration and market contestability. In Geroski, P. and Schwallbach, J., Entry and market contestability. Oxford: Basil Blackwell.
Shapiro, D. and Khemani, R. 1987: The determinants of entry and exit reconsidered. International Journal of Industrial Organization 5,15-26.
Schary, M. 1991: The probability of exit. Rand Journal of Economics 22, 339-53.
Statistical Service of Greece, (1982-90), Statistical Yearbooks of Greece, Athens.
Statistical Service of Greece,(1981-1991), Annual Industrial Surveys, Athens.
Storey, D. and Jones, A. 1987: New firm formation-a labour market approach to industrial entry. Scottish Journal of Political Economy 34, 37-51.