Who Survives? The Impact of Corruption, Competition and Property Rights across Firms
Size, age, sector, and productivity are
commonly cited as factors determining a firm s survival.
However, there are several dimensions of the investment
climate in which the firm operates that affect whether it
continues in business or exits. This paper uses new panel
data from 27 Eastern European and Central Asian countries to
test the importance of five areas of the business climate on
firm exit: the efficiency of government services, access to