IDEAS home Printed from https://ideas.repec.org/p/dbl/dblwop/237.html
   My bibliography  Save this paper

Young businesses, entrepreneurship, and the dynamics of employment and ouput in Colombia´s manufacturing industry

Author

Listed:
  • Eslava, Marcela
  • Haltiwanger, John

Abstract

In this paper, we study the characteristics and growth dynamics of young businesses, and the contribution of these businesses to aggregate growth, in a developing economy: Colombia. Our study covers the 17 years between 1993 and 2009. We limit our study to manufacturing plants of 10 or more employees (and some with less employees but large production). By doing so, we concentrate our attention on the segment of young businesses that are most likely truly entrepreneurial efforts. We characterize young manufacturing plants and compare them to older ones. This characterization covers several dimensions of business performance: employment, output, exports, survival patterns, productivity and investment. We contrast these patterns with those observed in the US. We also study the contribution of establishments of different ages to overall employment and output growth over our 17 year period. The paper makes several contributions to the existing literature. First, it characterizes young business dynamics for a developing economy. Second, it focuses on establishments that are born large enough that they plausibly represent truly entrepreneurial initiatives. That focus enables us to show that part of the wide variation in growth patterns among young businesses found by previous studies reflects the poor performance of micro establishments. In particular, we find much less destruction from exit of young businesses when the micro segment is removed from the data.

Suggested Citation

  • Eslava, Marcela & Haltiwanger, John, 2012. "Young businesses, entrepreneurship, and the dynamics of employment and ouput in Colombia´s manufacturing industry," Research Department working papers 237, CAF Development Bank Of Latinamerica.
    • Handle: RePEc:dbl:dblwop:237
    as

    Download full text from publisher

    File URL: https://scioteca.caf.com/handle/123456789/237
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dbl:dblwop:237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pablo Rolando (email available below). General contact details of provider: https://edirc.repec.org/data/cafffve.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.