New Business Survival by Industry over Space and Time
Setting up a firm can be an arduous task. Entering a market and competing successfully is subject to severe uncertainty and requires diverse qualifications that are rarely contained in one single person. As a result, a considerable proportion of new firms leave the market relatively soon after entering; thus, in some industries or regions only a minority of the entrants is able to survive for a longer period of time.
KeywordsOrdinary Less Square Hazard Rate Survival Chance Unemployed Person Employment Change
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