Firm lifecycles
Main Author: | |
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Publication Date: | 2022 |
Other Authors: | , , |
Format: | Article |
Language: | eng |
Source: | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
Download full: | http://hdl.handle.net/10362/181556 |
Summary: | The factors determining firm size and growth are central to understanding aggregate economic growth, and the design of firm-level government policies that aim to promote growth, and smooth business cycles. Motivated by this we study the relative importance of initial conditions versus post-entry shocks in etermining firm outcomes, and the relative size of capital and labor market friction that firms face. Using detailed Portuguese firm data and a simple model to aid interpretation, we find that initial conditions play an important role in determining firm outcomes, and that capital market frictions are larger than labor market frictions. (JEL: D24, E22,E23, E24, J23) |
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Firm lifecyclesSDG 8 - Decent Work and Economic GrowthThe factors determining firm size and growth are central to understanding aggregate economic growth, and the design of firm-level government policies that aim to promote growth, and smooth business cycles. Motivated by this we study the relative importance of initial conditions versus post-entry shocks in etermining firm outcomes, and the relative size of capital and labor market friction that firms face. Using detailed Portuguese firm data and a simple model to aid interpretation, we find that initial conditions play an important role in determining firm outcomes, and that capital market frictions are larger than labor market frictions. (JEL: D24, E22,E23, E24, J23)NOVA School of Business and Economics (NOVA SBE)RUNKozeniauskas, NicholasMoreira, PedroSantos, António R. dosTetenyi, Laszlo2025-03-27T21:14:13Z2022-102022-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/181556eng2183-5217PURE: 113512883info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-31T02:07:52Zoai:run.unl.pt:10362/181556Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:42:57.483737Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse |
dc.title.none.fl_str_mv |
Firm lifecycles |
title |
Firm lifecycles |
spellingShingle |
Firm lifecycles Kozeniauskas, Nicholas SDG 8 - Decent Work and Economic Growth |
title_short |
Firm lifecycles |
title_full |
Firm lifecycles |
title_fullStr |
Firm lifecycles |
title_full_unstemmed |
Firm lifecycles |
title_sort |
Firm lifecycles |
author |
Kozeniauskas, Nicholas |
author_facet |
Kozeniauskas, Nicholas Moreira, Pedro Santos, António R. dos Tetenyi, Laszlo |
author_role |
author |
author2 |
Moreira, Pedro Santos, António R. dos Tetenyi, Laszlo |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
NOVA School of Business and Economics (NOVA SBE) RUN |
dc.contributor.author.fl_str_mv |
Kozeniauskas, Nicholas Moreira, Pedro Santos, António R. dos Tetenyi, Laszlo |
dc.subject.por.fl_str_mv |
SDG 8 - Decent Work and Economic Growth |
topic |
SDG 8 - Decent Work and Economic Growth |
description |
The factors determining firm size and growth are central to understanding aggregate economic growth, and the design of firm-level government policies that aim to promote growth, and smooth business cycles. Motivated by this we study the relative importance of initial conditions versus post-entry shocks in etermining firm outcomes, and the relative size of capital and labor market friction that firms face. Using detailed Portuguese firm data and a simple model to aid interpretation, we find that initial conditions play an important role in determining firm outcomes, and that capital market frictions are larger than labor market frictions. (JEL: D24, E22,E23, E24, J23) |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-10 2022-10-01T00:00:00Z 2025-03-27T21:14:13Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
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publishedVersion |
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http://hdl.handle.net/10362/181556 |
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http://hdl.handle.net/10362/181556 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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2183-5217 PURE: 113512883 |
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openAccess |
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application/pdf |
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