caa a22 4500 445877383 CHVBK 20180317145531.0 cr unu---uuuuu 170323e20110401xx s 000 0 eng 10.1007/s11187-009-9226-2 doi (NATIONALLICENCE)springer-10.1007/s11187-009-9226-2 Turbulence in growing and declining industries [Elektronische Daten] [Rui Baptista, Murat Karaöz] Turbulence over the industry life cycle is examined for the case of Portugal using the lowest possible level of industry aggregation, thus allowing for the use of panel data to study the evolution of product markets. Replacement of exiting firms by subsequent entrants plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As the industry life cycle progresses, trial-and-error entry and entry mistakes decrease, and turbulence subsides. Springer Science+Business Media, LLC., 2009 Displacement nationallicence Entry nationallicence Entry mistakes nationallicence Exit nationallicence Industry life cycle nationallicence Selection nationallicence Replacement nationallicence Turbulence nationallicence Baptista Rui IN+ Center for Innovation, Technology and Policy Research, Instituto Superior Técnico, Technical University of Lisbon, Lisbon, Portugal aut Karaöz Murat IN+ Center for Innovation, Technology and Policy Research, Instituto Superior Técnico, Technical University of Lisbon, Lisbon, Portugal aut Small Business Economics Springer US; http://www.springer-ny.com 36/3(2011-04-01), 249-270 0921-898X 36:3<249 2011 36 11187 https://doi.org/10.1007/s11187-009-9226-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11187-009-9226-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Baptista Rui IN+ Center for Innovation, Technology and Policy Research, Instituto Superior Técnico, Technical University of Lisbon, Lisbon, Portugal aut NATIONALLICENCE 700 1- Karaöz Murat IN+ Center for Innovation, Technology and Policy Research, Instituto Superior Técnico, Technical University of Lisbon, Lisbon, Portugal aut NATIONALLICENCE 773 0- Small Business Economics Springer US; http://www.springer-ny.com 36/3(2011-04-01), 249-270 0921-898X 36:3<249 2011 36 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer