Abstract

VALDEZ, Rolando I.  and  NODA RAMIREZ, Eder J.. The Determinants of the Increase and Decrease in the Number of Firms: An Analysis by State and Age Stratum. Ens. Rev. econ. [online]. 2018, vol.37, n.1, pp.77-98. ISSN 2448-8402.

In this present study, the hypothesis that is tested is that the same factors diversely affect the ups and downs in the number of firms, taking into consideration their age. To prove this, there are two specific panel data models, whose dependent variable is the firm’s age stratum: infant, young, adult and elderly. Overall, eight equations are estimated, taking into account economic and social explanatory variables as well. The main results highlight that gdp, gdp per cápita, the interest rate, the banking interest rate and economic liquidity equally impact, ceteris paribus, the number of firms, independent to their age. However, migration and social insecurity impact only infant firms as well as young firms.

Keywords : Firm’s age; Determinants; Panel data.

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