The contribution of start-ups and young ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
The contribution of start-ups and young firms to industry-level efficiency growth
Auteur(s) :
Dumont, Michel [Auteur]
Rayp, Glenn [Auteur]
Verschelde, Marijn [Auteur]
Lille économie management - UMR 9221 [LEM]
Merlevede, Bruno [Auteur]
Rayp, Glenn [Auteur]
Verschelde, Marijn [Auteur]
Lille économie management - UMR 9221 [LEM]
Merlevede, Bruno [Auteur]
Titre de la revue :
Applied Economics
Pagination :
5786--5801
Éditeur :
Taylor & Francis (Routledge)
Date de publication :
2016-05
ISSN :
0003-6846
Mot(s)-clé(s) en anglais :
Start-ups
young firms
efficiency
entry and exit
reallocation JEL CLASSIFICATION: D24
L25
M13
O33
young firms
efficiency
entry and exit
reallocation JEL CLASSIFICATION: D24
L25
M13
O33
Discipline(s) HAL :
Sciences de l'Homme et Société/Gestion et management
Résumé en anglais : [en]
This article examines the impact of start-ups (active for 1 up to 5 years) and young firms (active for 6 up to 10 years) on industry-level efficiency growth in six EU countries, covering the period 2002–2009. Using ...
Lire la suite >This article examines the impact of start-ups (active for 1 up to 5 years) and young firms (active for 6 up to 10 years) on industry-level efficiency growth in six EU countries, covering the period 2002–2009. Using semi-parametric estimates of meta-frontier efficiency, it is found that surviving entrants gradually raise their efficiency level in all countries considered. Firm-level efficiency growth decreases with firm age, whereas reallocation towards efficient firms contributes more to industry-level growth as firms mature. The relative contribution of start-ups appears to have been important as they actually contributed positively to overall efficiency growth which, over the period under consideration, was negative in most countries, even before the ‘Great Recession’. There are indications of ‘cleansing’, due to the exit of less efficient firms, during the ‘Great Recession’.Lire moins >
Lire la suite >This article examines the impact of start-ups (active for 1 up to 5 years) and young firms (active for 6 up to 10 years) on industry-level efficiency growth in six EU countries, covering the period 2002–2009. Using semi-parametric estimates of meta-frontier efficiency, it is found that surviving entrants gradually raise their efficiency level in all countries considered. Firm-level efficiency growth decreases with firm age, whereas reallocation towards efficient firms contributes more to industry-level growth as firms mature. The relative contribution of start-ups appears to have been important as they actually contributed positively to overall efficiency growth which, over the period under consideration, was negative in most countries, even before the ‘Great Recession’. There are indications of ‘cleansing’, due to the exit of less efficient firms, during the ‘Great Recession’.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :