شکنندگی مالی، الگوهای ورود شرکت و خروج و پویایی کلی

We model the entry–exit process of industrial dynamics within a theoretical framework, in which the financial conditions of firms affect capital accumulation. The patterns of entry and exit affect the dynamics of the distribution of firms which are differentiated by the equity ratio, i.e. the ratio of net worth to the capital stock. We perform numerical simulations to study the interactions among changes in financial fragility, industrial dynamics and the macroeconomic performance.