Modelling proportions: random effects models of UK firm entry


Podivinsky, Jan M. and Stewart, Geoff (2009) Modelling proportions: random effects models of UK firm entry. Singapore Economic Review, 54, (3), 367-377. (doi:10.1142/S0217590809003380).

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Description/Abstract

A long-standing issue in industrial economics is the understanding of the relative prevalence of labour-managed firms (LMFs) and capitalist firms across industries. In proportionate terms, LMF entry tends to be highly concentrated in particular industries. We provide empirical evidence on this by modelling the proportions of industry entrants that are LMFs, using a panel of UK manufacturing industries. Random effects proportions models indicate the role and importance of risk and capital requirements as potential deterrents to LMF entry.

Item Type: Article
Additional Information: Special issue on Panel Data Econometrics, ed. by Jan F Kiviet
ISSNs: 0217-5908 (print)
Related URLs:
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HA Statistics
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 65178
Date Deposited: 09 Feb 2009
Last Modified: 27 Mar 2014 18:46
URI: http://eprints.soton.ac.uk/id/eprint/65178

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