Entry and exit from Greek manufacturing industry: a test of the symmetry hypothesis
AbstractThe paper examines the role of trade patterns in the entry and exit decisions of firms and tests the existence of symmetry between entry and exit factors. Trade patterns were found, through their entry and exit impact, to affect the structure of Greek industry rather unfavourably. Prospects seem to be bleaker within the integrated European market of the 1990s. The lack of symmetry leads to increasing concentration. The gloomy outlook is improved by the strong stand of existing, competitive firms.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40575.
Date of creation: 1995
Date of revision:
Publication status: Published in International Review of Applied Economics 1.9(1995): pp. 86-95
firm entry; exit; symmetry;
Find related papers by JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
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