Modelling proportions: random effects models of UK firm entry
Modelling proportions: random effects models of UK firm entry
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.
367-377
Podivinsky, Jan M.
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
2009
Podivinsky, Jan M.
68b5a6e8-9d09-4a3e-97b2-4a9e4f1efbb9
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Podivinsky, Jan M. and Stewart, Geoff
(2009)
Modelling proportions: random effects models of UK firm entry.
Singapore Economic Review, 54 (3), .
(doi:10.1142/S0217590809003380).
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.
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Published date: 2009
Additional Information:
Special issue on Panel Data Econometrics, ed. by Jan F Kiviet
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Local EPrints ID: 65178
URI: http://eprints.soton.ac.uk/id/eprint/65178
ISSN: 0217-5908
PURE UUID: 08787cf5-1a53-4677-9ce6-7aba58b4cfa0
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Date deposited: 09 Feb 2009
Last modified: 16 Mar 2024 02:33
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Author:
Geoff Stewart
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