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Producer DynamicsNew Evidence from Micro Data$
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Timothy Dunne, J. Jensen, and Mark J. Roberts

Print publication date: 2009

Print ISBN-13: 9780226172569

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226172576.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 31 July 2021

The Role of Retail

The Role of Retail

Chains National, Regional, and Industry Results

(p.237) 6 The Role of Retail
Producer Dynamics

Ronald S. Jarmin

Shawn D. Klimek

Javier Miranda

University of Chicago Press

This chapter addresses the entry and exit of establishments and firms in the U.S. retail sector based on analysis of the Census Bureau's newly developed Longitudinal Business Database (LBD). It demonstrates that firm turnover has declined over time in most retail industries but differs systematically by market size and ownership structure. Metro areas have the highest producer turnover while rural areas have the lowest. Independently-owned stores experience higher turnover compared to chain stores. Single location retail firms have on average increased in size since 1976. The firm exit rates are highest in metropolitan markets and slightly higher in micropolitan markets than in rural markets. The mom-and-pop stores have the largest exit rates, regardless of industry or unit of measure. Chain stores and mom-and-pop stores appear to be able to coexist in some industries better than others.

Keywords:   firm entry, firm exit, firm turnover, U.S. retail sector, Census Bureau, Longitudinal Business Database, retail firms, mom-and-pop stores, chain stores

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