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

Cabral, Luís M.B.

http://hdl.handle.net/10400.5/15540

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Authors

Cabral, Luís M.B.

Abstract(s)

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.

Keywords

Small firms Firm dynamics Public policy

URI

http://hdl.handle.net/10400.5/15540

Citation

Cabral, Luís M.B. (2007). "Small firms in Portugal : a selective survey of stylized facts, economic analysis, and policy implications". Portuguese Economic Journal, 6(1):65-88