Tag

competition

2 cards

Economics (general)Observational Study
Trade Protectionism and Inefficient Firm Preservation
Economies with higher trade protectionism display a significantly wider thick tail of low-performing manufacturing firms, as high tariffs protect low-productivity producers from international competitive selection.
Economics (general)Observational Study
Low Competition and Management Distribution Thick Tail Persistence
Developing nations feature lower average management scores driven by a thick tail of persistent, badly run firms that fail to exit, whereas market competition in developed economies forces poorly managed firms to either reform or close down.