𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The determinants of exit in an open economy

✍ Scribed by Joseph E. Flynn

Publisher
Springer US
Year
1991
Tongue
English
Weight
667 KB
Volume
3
Category
Article
ISSN
0921-898X

No coin nor oath required. For personal study only.

✦ Synopsis

In this paper the determinants of exit are investigated for the manufacturing sector of the United States economy, which has been subjected to growing international influences. The analysis uses United States cross-sectional data. The results of the exit equation suggest that low profitability, declining industry growth, and displacement of incumbents by entrants foster exit. International influences axe also seen to have an impact on U.S. manufacturing exit. Specifically, imports into an industry have a small effect on exit and protection has tittle influence in stemming exit.

πŸ“œ SIMILAR VOLUMES

Wage norms in an open economy
Wage norms in an open economy
✍ Wolfgang Pollan πŸ“‚ Article πŸ“… 1990 πŸ› Springer US 🌐 English βš– 663 KB
On the determinants of Central Bank inde
On the determinants of Central Bank independence in open economies
✍ Marcello D'Amato; Barbara Pistoresi; Francesco Salsano πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 131 KB

## Abstract We test some positive implications of the commitment hypothesis for the design of monetary institutions in open economies, by studying the determinants of Central Bank independence on a sample of 55 countries, for the period 1980–1989. We document fairly consistent empirical evidence in

A model of inflation targeting in an ope
A model of inflation targeting in an open economy
✍ Jay H. Levin πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 186 KB

## Abstract This paper develops a model of inflation targeting in a small open economy under floating exchange rates. The central bank follows a simple Taylor rule to achieve a target inflation rate, and the inflation process itself is determined by an expectations augmented Phillips curve mechanis