The determinants of entry and exit rates into U.S. manufacturing industries

John S. Austin, David I. Rosenbaum

Research output: Contribution to journalArticlepeer-review

28 Scopus citations

Abstract

Entry and exit rates are examined across a fairly large sample of 4-digit U.S. manufacturing industries. Market growth significantly increases (reduces) entry (exit) rates. Profits increase entry rates. Advertising clearly acts as an entry barrier. Sunk capital costs seem to deter exit. While entry and exit rates are related in the sample, whether they are simultaneously determined is unclear.

Original languageEnglish (US)
Pages (from-to)211-223
Number of pages13
JournalReview of Industrial Organization
Volume5
Issue number2
DOIs
StatePublished - Jun 1990

ASJC Scopus subject areas

  • Economics and Econometrics
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation

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