Institutional Barriers to Firm Entry and Exit: Case-Study Evidence from the Brazilian Textiles and Electronics Industries
Nauro F. Campos
Brunel University - Economics and Finance; Centre for Economic Policy Research (CEPR); University of Michigan at Ann Arbor - The William Davidson Institute; Institute for the Study of Labor (IZA)
affiliation not provided to SSRN
Economic Systems, Vol. 31, No. 4, 2007
What are the main barriers to firm entry and exit in developing countries and how do they differ from barriers to firm operation and growth? How important is the institutional and regulatory framework in this respect? This paper examines such questions using case-study evidence from the Brazilian textiles and electronics industries. We find that not only these institutional barriers are high in Brazil but also that they seem to have risen since the early 1990s, and that their effects vary across sectors. We also provide evidence from a survey we carried out in 2005 suggesting that institutions are more important as barriers to entry than as barriers to firm operation and growth.
Keywords: Firm entry, Firm exit, Brazil, Institutions
JEL Classification: O12, D23, K20, O17, K30Accepted Paper Series
Date posted: December 17, 2007
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