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Business Demography Dynamics In Portugal: A Non-Parametric Survival Analysis

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Author Info

  • Alcina Nunes

    ()
    (Escola Superior de Tecnologia e de Gestão do Instituto Politécnico de Bragança)

  • Elsa Sarmento

    ()
    (Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação)

Abstract

We address the post-entry performance of new Portuguese firms by investigating the structural characteristics of the hazard and survival functions, using non-parametric survival analysis. In order to approach prevalence of some stylized facts and determinants of new firm survival, we produced a new entrepreneurship database, using the administrative data of Quadros de Pessoal, following the Eurostat/OECD´s internationally comparable business demography methodology. This allowed the computation of a comprehensive array of entrepreneurship indicators on employer enterprise and survival dynamics in Portugal, over a period of 18 years, disaggregated in dimensions such as sectors, regions and size classes

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File URL: http://www.gee.min-economia.pt/RePEc/WorkingPapers/gee_papers_22.pdf
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Bibliographic Info

Paper provided by Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação in its series GEE Papers with number 0022.

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Length: 24 pages
Date of creation: Sep 2010
Date of revision: Sep 2010
Handle: RePEc:mde:wpaper:0022

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Keywords: Entrepreneurship; Business Demography; Business Survival; Performance Determinants; Micro-data;

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References

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  1. Holger Görg & Eric Strobl & Frances Ruane, 2000. "The Determinants Of Firm Start-Up Size: A Comparison Of Ireland And Portugal," Trinity Economics Papers 20008, Trinity College Dublin, Department of Economics.
  2. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Banco de Espa�a Working Papers 0608, Banco de Espa�a.
  3. Eric Bartelsman & Stefano Scarpetta & Fabiano Schivardi, 2005. "Comparative analysis of firm demographics and survival: evidence from micro-level sources in OECD countries," Industrial and Corporate Change, Oxford University Press, vol. 14(3), pages 365-391, June.
  4. Klapper, Leora & Delgado, Juan Manuel Quesada, 2009. "The impact of the business environment on the business creation process," Policy Research Working Paper Series 4937, The World Bank.
  5. Arnab Bhattacharjee, 2005. "Models of Firm Dynamics and the Hazard Rate of Exits: Reconciling Theory and Evidence using Hazard Regression Models," Econometrics 0503021, EconWPA.
  6. Zoltan J. Acs & Sameeksha Desai & Leora Klapper, 2008. "What Does "Entrepreneurship" Data Really Show?," Jena Economic Research Papers 2008-007, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  7. Guimaraes, Paulo & Mata, José & Portugal, Pedro, 1995. "The Survival of New Plants: Start-up Conditions and Post-entry Evolution," CEPR Discussion Papers 1203, C.E.P.R. Discussion Papers.
  8. Mata, Jose & Machado, Jose A. F., 1996. "Firm start-up size: A conditional quantile approach," European Economic Review, Elsevier, vol. 40(6), pages 1305-1323, June.
  9. Mata, Jose, 1993. "Entry and type of entrant : Evidence from Portugal," International Journal of Industrial Organization, Elsevier, vol. 11(1), pages 101-122, March.
  10. Lu�s M B Cabral & Jos� Mata, 2003. "On the Evolution of the Firm Size Distribution: Facts and Theory," American Economic Review, American Economic Association, vol. 93(4), pages 1075-1090, September.
  11. Leora Klapper & Raphael Amit & Mauro F. Guillén, 2010. "Entrepreneurship and Firm Formation across Countries," NBER Chapters, in: International Differences in Entrepreneurship, pages 129-158 National Bureau of Economic Research, Inc.
  12. Luís Cabral, 2007. "Small firms in Portugal: a selective survey of stylized facts, economic analysis, and policy implications," Portuguese Economic Journal, Springer, vol. 6(1), pages 65-88, April.
  13. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-70, May.
  14. Giorgia Giovannetti & Giorgio Ricchiuti & Margherita Velucchi, 2011. "Size, innovation and internationalization: a survival analysis of Italian firms," Applied Economics, Taylor & Francis Journals, vol. 43(12), pages 1511-1520.
  15. Sanghoon Ahn, 2001. "Firm Dynamics and Productivity Growth: A Review of Micro Evidence from OECD Countries," OECD Economics Department Working Papers 297, OECD Publishing.
  16. Geroski, P. A., 1995. "What do we know about entry?," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 421-440, December.
  17. Stefano Scarpetta & Philip Hemmings & Thierry Tressel & Jaejoon Woo, 2002. "The Role of Policy and Institutions for Productivity and Firm Dynamics: Evidence from Micro and Industry Data," OECD Economics Department Working Papers 329, OECD Publishing.
  18. Mata, Jose & Portugal, Pedro, 1994. "Life Duration of New Firms," Journal of Industrial Economics, Wiley Blackwell, vol. 42(3), pages 227-45, September.
  19. Audretsch, David B. & Santarelli, Enrico & Vivarelli, Marco, 1999. "Start-up size and industrial dynamics: some evidence from Italian manufacturing," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 965-983, October.
  20. 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.
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Citations

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Cited by:
  1. Joanna Duda, 2013. "The Role of Bank Credits in Investment Financing of the Small and Medium-sized Enterprise Sector in Poland," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 7-20.
  2. Henryk Gurgul & Machno Artur & Roland Mestel, 2013. "Modeling of returns and trading volume by regime switching copulas," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 45-64.
  3. K. Liczmanska & A.M. Wisniewska, 2013. "A strong brand as a determinant of purchase the case of sectors, where advertising in mass media is banned – on the example of the Polish spirits sector," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 83-98.
  4. Henryk Gurgul & Roland Mestel & Robert Syrek, 2013. "The testing of causal stock returns-trading volume dependencies with the aid of copulas," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 21-44.
  5. Pawel Zajac, 2013. "The New Approach to estimation of the Hazard Function in Business Demography on example of Data from New Zealand," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 99-110.
  6. Alcina Nunes & Elsa de Morais Sarmento, 2010. "Business Survival in Portuguese Regions," GEMF Working Papers 2010-22, GEMF - Faculdade de Economia, Universidade de Coimbra.
  7. Elsa Sarmento & Alcina Nunes, 2010. "Comparative Survival Analysis of Firms: the case of the Portuguese North region," Working Papers de Economia (Economics Working Papers) 53, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
  8. Henryk Gurgul & Marcin Suder, 2013. "Modeling of withdrawals from selected ATMs of the "Euronet" network," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 13, pages 65-82.
  9. Elsa de Morais Sarmento & Alcina Nunes, 2012. "The Dynamics of Employer Entreprise Creation in Portugal Over the Last Two Decades: A Firm Size, Regional and Sectoral Perspective," Notas Económicas, Faculdade de Economia, Universidade de Coimbra, issue 36, pages 6-22, December.
  10. Elsa de Morais Sarmento & Alcina Nunes, 2011. "Criação de empresas em Portugal e Espanha: análise comparativa com base nos dados do Banco Mundial," GEE Papers 0036, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação, revised May 2011.

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