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Entry, Exit and Establishment Survival in UK Manufacturing
Author(s) -
Disney Richard,
Haskel Jonathan,
Heden Ylva
Publication year - 2003
Publication title -
the journal of industrial economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.93
H-Index - 77
eISSN - 1467-6451
pISSN - 0022-1821
DOI - 10.1111/1467-6451.00193
Subject(s) - hazard , proportional hazards model , survival of the fittest , selection (genetic algorithm) , demographic economics , survival analysis , hazard ratio , business , operations management , demography , industrial organization , economics , computer science , statistics , mathematics , biology , sociology , ecology , confidence interval , evolutionary biology , artificial intelligence
We study entry, exit and survival of UK manufacturing establishments from 1986 to 1991 using the newly released ARD database. We document patterns of entry and exit across industries and over time. We estimate an augmented Cox proportional hazard to examine the survival of new plants in the UK in this period. We find interactions between survival, size and age of establishment that differ between establishments that are singles and part of a group. We speculate that this finding may be consistent with market selection models based on learning.