The Impact of Business Cycle Conditions on Firm Dynamics and Composition: Enterprise Entry and Exit in Egypt, 1911-48

2017 ◽  
Author(s):  
Cihan Artunn
Keyword(s):  
Business Cycle ◽  
Firm Dynamics ◽  
Entry And Exit ◽  
The Impact

scholarly journals Optimal Regulation in the Presence of Reputation Concerns *

2014 ◽  
Vol 130 (1) ◽  
pp. 415-464 ◽  
Author(s):  
Andrew Atkeson ◽  
Christian Hellwig ◽  
Guillermo Ordoñez
Keyword(s):  
Firm Dynamics ◽  
Total Production ◽  
Entry And Exit ◽  
Free Entry ◽  
Spot Prices ◽  
The Public ◽  
Equilibrium Prices ◽  
Random Growth ◽  
The Impact

Abstract In all markets, firms go through a process of creative destruction: entry, random growth, and exit. In many of these markets there are also regulations that restrict entry, possibly distorting this process. We study the public interest rationale for entry taxes in a general equilibrium model with free entry and exit of firms in which firm dynamics are driven by reputation concerns. In our model firms can produce high-quality output by making a costly but efficient initial unobservable investment. If buyers never learn about this investment, an extreme “lemons problem” develops, no firm invests, and the market shuts down. Learning introduces reputation incentives such that a fraction of entrants do invest. We show that if the market operates with spot prices, entry taxes always enhance the role of reputation to induce investment, improving welfare despite the impact of these taxes on equilibrium prices and total production.

Understanding entry and exit: a business cycle accounting approach

2016 ◽  
Vol 16 (1) ◽  
Author(s):  
Patrick Macnamara
Keyword(s):  
Business Cycle ◽  
Firm Dynamics ◽  
Entry And Exit ◽  
Aggregate Shocks ◽  
Business Cycle Accounting ◽  
Cyclical Fluctuations ◽  
Aggregate Economy

AbstractThis paper considers a model of firm dynamics to study how well aggregate shocks account for fluctuations in the entry and exit of establishments. To do this, I construct measures of aggregate technology, labor and investment shocks. Under reasonable parameters, the model indicates that labor shocks (and not technology or investment shocks) best account for cyclical fluctuations in entry and exit rates. Moreover, this has had significant implications for the aggregate economy, as entry and exit have made output and hours more volatile and persistent.

scholarly journals Environmental Regulation and Exports: Evidence from the Comprehensive Air Pollution Policy in China

2021 ◽  
Vol 18 (3) ◽  
pp. 1316 ◽  
Author(s):  
Hong Chen ◽  
Yang Xu
Keyword(s):  
Air Pollution ◽  
Environmental Regulation ◽  
Pollution Prevention ◽  
Firm Entry ◽  
Entry And Exit ◽  
Control Plan ◽  
Heterogeneous Effects ◽  
The Impact ◽  
The City ◽  
Firm Entry And Exit

The impact of environmental regulation has been an important topic. Based on the Chinese Custom Database and China City Statistical Yearbook, this paper investigates the effect of environmental regulation on export values and explores potential mechanisms and heterogeneous effects. Taking advantage of China’s first comprehensive air pollution prevention and control plan, the Air Pollution Control in Key Zones policy, as a quasi-natural experiment, we employ the difference-in-differences method to examine the causal relationship between environmental regulation and exports. We find the statistically significant and negative effect of environmental regulation on exports at the city level. Moreover, we find that the potential mechanism is the change in export values caused by firm entry and exit, especially by exiters, rather than the change in the number of exporting firms in the city caused by firm entry and exit. In addition, we find the heterogeneous effects of environmental regulation based on the differences of environmental policy across cities and the Broad Economic Categories classification.

scholarly journals Administrative accounting consulting: a new way of running a company through technology

2021 ◽  
pp. 91-104
Author(s):  
Ramiro Rodrigues Sumar
Keyword(s):  
Information Technologies ◽  
New Technologies ◽  
Entry And Exit ◽  
Electronic Library ◽  
Final Destination ◽  
Data Platform ◽  
Scientific Periodicals ◽  
The Impact ◽  
A Company

Objective: To describe the impact from the obstacles and potentialities that technology has brought to accounting consulting. Question: How can administrative accounting consulting help a company using technologies? Methods: The study is a bibliographic review. A search was conducted with the descriptors: technology; innovation; accounting; accounting on Spell’s data platform (Scientific Periodicals Electronic Library) in June 2021. The search resulted in 10 articles. Results: the results brought as obstacles: The increasing technological advance, adapt to the use of these new technologies, Centrality of the role of the accountant in traditional models, Lack of software knowledge,Lack of specialized workforce, malfunction of the connection, Skilled labor. And as potentialities: Use of different digital technologies, Agility and time gain, Convenience, inseparable relationship between technology and consultative accounting promoting agile and quality support to its various users, Customer satisfaction, Speed and flexibility and Cost reduction. Conclusions: It is understood that Information Technologies positively influence the exercise of consultative accounting, although in addition to the advantages has its disadvantages. It is worth mentioning that the technologies enable the control of accounting information for the entry and exit of materials and inputs, as well as their origin and final destination, avoiding unnecessary losses, including deviations, agility, flexibility and security.

scholarly journals Business cycle synchronization of a small open EU-candidate country’s economy with the EU economy

2018 ◽  
Vol 65 (5) ◽  
pp. 609-631 ◽  
Author(s):  
Vladimir Filipovski ◽  
Predrag Trpeski ◽  
Jane Bogoev
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Candidate Country ◽  
Economic Policies ◽  
Large Magnitude ◽  
Euro Zone ◽  
The Republic ◽  
High Degree ◽  
The Impact ◽  
The Eu

The objectives of this paper are to empirically identify business cycles in a small open EU-candidate country such as the Republic of Macedonia and to assess the degree of synchronization of the country?s business cycle with the cycle of the EU economy. Towards the first objective, we apply linear and non-linear methods for delineating the production gap cycle in the Macedonian economy. As for the second objective, we apply autoregressive methods to assess the size and speed of cyclical adjustment of the Macedonian economy to output shocks to the Euro-zone economy. The results of our analysis suggest a high degree of synchronization of the Macedonian business cycles with the cycles of the EU economy. Also, the shocks in economic activity in the Euro-zone economy are transmitted almost instantaneously, and with a large magnitude, to the Macedonian economy. Finally, the impact of the Euro-zone output contraction is less pronounced than the impact of the Euro-zone output expansion, suggesting an impact of the country?s autonomous countercyclical economic policies.

scholarly journals Entry and Exit, Multiproduct Firms, and Allocative Distortions

2018 ◽  
Vol 10 (2) ◽  
pp. 86-112 ◽  
Author(s):  
Roberto N. Fattal Jaef
Keyword(s):  
Firm Dynamics ◽  
Multiproduct Firms ◽  
Product Portfolio ◽  
Factor Productivity ◽  
Entry And Exit ◽  
Welfare Gains ◽  
Transition Dynamics ◽  
Dynamic Factors ◽  
Long Run ◽  
Productivity Gains

Most studies quantifying the gains from reversing allocative distortions are static in nature. We propose a model of firm dynamics featuring entry, exit, and multiproduct firms to understand the contribution of these dynamic factors in shaping the welfare and long-run productivity gains from removing distortions. We find that while the entry and exit of firms and their product-portfolio choices exert countervailing forces over long-run total factor productivity (TFP), they reinforce each other in shaping the welfare gains from reversing misallocation. Welfare gains, which account for transition dynamics, become more than twice as high as the long-run changes in TFP. (JEL D21, D24, D61, L11, O41)

Distorted Dynamics: The Impact of Policies on Firm Dynamics and Job Growth

2014 ◽  
pp. 49-80
Author(s):  
Marc Schiffbauer ◽  
Abdoulaye Sy ◽  
Sahar Hussain ◽  
Hania Sahnoun ◽  
Philip Keefer ◽  
...  
Keyword(s):  
Firm Dynamics ◽  
Job Growth ◽  
The Impact
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