Small firms in Portugal : a selective survey of stylized facts, economic analysis, and policy implications

I survey a number of stylized facts pertaining to the dynamics of firm entry, growth, and exit in competitive industries. I focus particularly on data for Portugal, although I also consider, for comparison purposes, data from other countries. I then present a series of theoretical models that attemp...

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Bibliographic Details
Main Author: Cabral, Luís M.B. (author)
Format: article
Language:por
Published: 2018
Subjects:
Online Access:http://hdl.handle.net/10400.5/15540
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/15540
Description
Summary:I survey a number of stylized facts pertaining to the dynamics of firm entry, growth, and exit in competitive industries. I focus particularly on data for Portugal, although I also consider, for comparison purposes, data from other countries. I then present a series of theoretical models that attempt to explain the stylized facts and evaluate the welfare impact of market distortions. Finally, I derive a number of policy implications, all centered around the notion of economic mobility.