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Probability of Survival of New Manufacturing Plants: the case of Chile

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Author Info
José Miguel Benavente
Christian Ferrada
Abstract

This paper studies the probability of survival of the manufacturing plants that start producing in Chile in the period 1979-1999 using a proportional hazards model. Opposing previous empirical international evidence, the survival diminishes with age, initial size, and with the rate of growth of the plant. It also diminishes with the regional unemployment rate. Comparing companies by size, the rate of risk of death of small and medium businesses is 20.3% greater than large companies, but more interesting, this rate is unaffected by the public subsidies received by the smaller ones, after controlling simultaneously with other explanatory variables. Using four different samples from the same data, the consequences of applying different criteria that validate and/or eliminate inconsistent data are studied, obtaining significant differences in the resulting coefficients

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Paper provided by Econometric Society in its series Econometric Society 2004 Latin American Meetings with number 305.

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Date of creation: 11 Aug 2004
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Handle: RePEc:ecm:latm04:305

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Related research
Keywords: Chilean manufacturing; Entry; Survival; Duration;

Find related papers by JEL classification:
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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    Other versions:
  7. Doms, Mark & Dunne, Timothy & Roberts, Mark J., 1995. "The role of technology use in the survival and growth of manufacturing plants," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 523-542, December. [Downloadable!] (restricted)
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  11. Raphael Bergoeing & Andrés Hernando & Andrea Repetto, 2003. "Idiosyncratic Productivity Shocks and Plant-Level Heterogeneity," Documentos de Trabajo 173, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
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    Other versions:
  14. Audretsch, David B & Mahmood, Talat, 1995. "New Firm Survival: New Results Using a Hazard Function," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 97-103, February. [Downloadable!] (restricted)
  15. repec:fth:michin:445 is not listed on IDEAS
  16. Gibson,J.K. & Harris,R.I.D., 1996. "Trade Liberalisation and Plant Exit in New Zealand Manufacturing," Papers 66, Portsmouth University - Department of Economics.
    Other versions:
  17. Levinsohn, J. & Petrin, A., 1999. "When Industries Become More Productive, Do Firms?: Investigating Productivity Dynamics," Working Papers 445, Research Seminar in International Economics, University of Michigan.
  18. Alexis Camhi & Eduardo Engel & Alejandro Micco, 1997. "Dinámica de empleo y productividad en manufactura: Evidencia micro y consecuencias macro," Documentos de Trabajo 19, Centro de Economía Aplicada, Universidad de Chile.
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  20. Heckman, James J. & Singer, Burton, 1986. "Econometric analysis of longitudinal data," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 3, chapter 29, pages 1689-1763 Elsevier. [Downloadable!] (restricted)
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