Determinants of Entry in Turkish Manufacturing Industries |
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Authors: | Burak Günalp Seyit Mümin Cilasun |
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Institution: | (1) Department of Economics, Hacettepe University, 06532 Beytepe, Ankara, Turkey;(2) Department of Economics, Atilim University, 06836 Incek, Ankara, Turkey |
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Abstract: | The entry of new firms into markets plays an important role in efficient resource allocation and evolution for long term economic
growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four-digit Turkish manufacturing
industries for the 1993–1999 period. The results of this paper suggest that potential entrants observe the market before the
entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to prevent entry in Turkish
manufacturing industries. In addition, the real interest rate appears to be a very important determinant of entry decision. |
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Keywords: | Entry Exit Dynamic Panel Data Turkish Manufacturing |
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