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Creación y destrucción comparada de cooperativas de trabajadores y empresas capitalistas en Uruguay


  • Andrés Dean

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)


This paper revisits the question of why there are so few labor-managed firms in capitalist economies. We analyze the processes of creation (entries) and destruction (exits) of labor-managed firms, compare to capitalist firms. We focus on macroeconomic conditions changes that affect firms, favoring its creation or dissolution. And particularly if these changes affect labor-managed firms and capitalist firms differently. We use a panel data including the universe of worker cooperatives and a sample of 20% of Uruguayan capitalist firms, during the period 1996-2013. While part of the theoretical and empirical literature suggests that entries and exits of labor-managed firms follow a countercyclical pattern, we find evidence partially supporting this hypothesis. Furthermore our evidence suggests that creation and dissolution flows of this kind of firms are also driven by institutional factors.

Suggested Citation

  • Andrés Dean, 2015. "Creación y destrucción comparada de cooperativas de trabajadores y empresas capitalistas en Uruguay," Documentos de Trabajo (working papers) 15-15, Instituto de Economía - IECON.
  • Handle: RePEc:ulr:wpaper:dt-15-15

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    Entries; Exits; Business cycle; Labor-managed Firms;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms

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