search query: @indexterm Economies of scale / total: 179
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| Author: | Audretsch, D. B. |
| Title: | New-firm survival and the technological regime. (!Capital intensity) |
| Journal: | Review of Economics and Statistics
1991 : AUG, VOL. 73:3, p. 441-450 |
| Index terms: | SMALL BUSINESS INTER-INDUSTRY COMPARISONS TECHNOLOGICAL INNOVATION ECONOMIES OF SCALE MARKET STRUCTURE |
| Language: | eng |
| Abstract: | The survival rates of over 11,000 firms established in 1976 are compared across manufacturing industries. The variation in ten-year survival rates across industries is hypothesized to be the result of differences in the underlying technological regime and industry-specific characteristics, especially the extent of scale economies and capital intensity. New-firm survival is found to be promoted by the extent of small-firm innovative activity. The existence of substantial scale economies and a high capital-labor ratio tends to lower the likelihood of firm survival. Market concentration is found to promote short-run survival, while it has no impact on long-run survival. |
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