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The Small, the Young, and the Productive: Determinants of Manufacturing Firm Growth in Ethiopia

โœ Scribed by Bigsten, Arne; Gebreeyesus, Mulu

Book ID
121222301
Publisher
University of Chicago Press
Year
2007
Tongue
English
Weight
289 KB
Volume
55
Category
Article
ISSN
0013-0079

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This paper focuses on entry of small firms in the manufacturing industries. It is argued that the exit option can be viewed as an insurance against risks of failure, increasing the likelihood of entry in an uncertain environment; the result is implicit in recent stochastic models of competition and