Portuguese Economic Journal

, Volume 6, Issue 1, pp 65–88 | Cite as

Small firms in Portugal: a selective survey of stylized facts, economic analysis, and policy implications

Original Article

Abstract

I survey a number of stylized facts pertaining to the dynamics of firm entry, growth, and exit in competitive industries. I focus particularly on data for Portugal, although I also consider, for comparison purposes, data from other countries. I then present a series of theoretical models that attempt to explain the stylized facts and evaluate the welfare impact of market distortions. Finally, I derive a number of policy implications, all centered around the notion of economic mobility.

JEL Classification

L11 

Keywords

Small firms Firm dynamics Public policy 

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Copyright information

© Springer-Verlag 2007

Authors and Affiliations

  1. 1.New York UniversityNew YorkUSA
  2. 2.CEPRLondonUK

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