alexa Industrial Development

OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Industrial Development

In a competitive industry, the exit and takeover of less efficient firms enable reallocation of resources for more effective use, and improve the economic efficiency of an industry as a whole. The rapidly-growing cut flower exporting industry in Ethiopia recently slowed in expansion with newly entering firms, whereas the industry continued to grow in export. We constructed the primary panel of the flower exporters Our analysis reveal that less profitable firms started to exit the industry, and that firms endowed with rich local resources were increasingly taken over and improved productivity and profitability.

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