Firm survival: methods and evidence |
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Authors: | Miguel C Manjón-Antolín Josep-Maria Arauzo-Carod |
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Institution: | (1) QURE – Department of Economics, Rovira i Virgili University, Av. Universitat, 1, Reus, 43204, Spain |
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Abstract: | This paper surveys the Industrial Organization literature on firm survival. We find that, in retrospect, the econometric specifications
used in this area have progressively become more sophisticated, addressing issues such as discrete time, unobserved heterogeneity
and competing risks. We also identify a number of firm- and industry-specific covariates that provide largely consistent results
across samples, countries and periods. On the other hand, the evidence is less clear-cut with regard to ownership and spatial
factors.
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Keywords: | Duration models Industry dynamics Survival |
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