European Business Schools Librarian's Group

Working Papers,
Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness

Three stages of net entry into Austrian manufacturing: entrepreneurial experimentation and actual entry

Werner Hölzl (), Reinhold Hofer () and Angelika Schenk
Additional contact information
Werner Hölzl: Department of Economics, Vienna University of Economics & B.A.
Reinhold Hofer: Department of Economics, Vienna University of Economics & B.A.
Angelika Schenk: Institut für Finanzwissenschaften, Vienna University of Economics & B.A.

Abstract: In this paper we explore the determinants of changes in the industrial populations rates in Austrian manufac-turing. The research questions whether or not the nature and causes of the net entry of firms across three dif-ferent stages of entry-exit decision and firm growth are different. Our econometric analysis suggests that the-re are differences in leading to the determination of the entry and exit at different stages of the entry-exit de-cision, and that aggregate growth and disaggregate growth (measured in employment terms) play a major role.

Keywords: net entry; determinants of entry and exit; barriers; entrepreneurial experimentation; panel data

JEL-codes: L1; L6 August 2001

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