| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP12401
|
| DP12401 Small Firm Death in Developing Countries |
| David McKenzie
|
| 发表日期 | 2017-10-28
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | Small firms are an important source of income for the poor in developing countries, and the target of many interventions designed to help them grow. But there is no systematic information on the failure or death of such firms. We put together 16 panel surveys from 12 different developing countries to develop stylized facts from over 14,000 firms on how much firm death there is; on which types of these firms are most likely to die; and on why they die, paying careful attention to issues of measurement and attrition. We find small firms die at an average rate of 8.3 percent per year over the first five years of following them, so that half of all firms observed to be operating at a given point in time are dead within 6 years. Death rates are higher for small firms in richer countries, younger firms, retail firms, less productive and less profitable firms, and those whose owners are female and not middle-aged. We propose three theories of why small firms die: firm competition and firm shocks, occupational choice, and non-separability from the household. We find the cause of firm death to be heterogeneous, with different subgroups of firms more likely to die for reasons consistent with each of these theories. |
| 主题 | Development Economics
|
| 关键词 | Firm death
Survival
Microenterprise dynamics
|
| URL | https://cepr.org/publications/dp12401
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541210
|
推荐引用方式
GB/T 7714 |
David McKenzie. DP12401 Small Firm Death in Developing Countries. 2017.
|
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