Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces
AbstractThe paper investigates the effect of spatial agglomeration on firm exit in a dynamic framework. Using a large dataset at the industry-province level for Italy (1998-2007), we estimate a spatial dynamic panel model via a GMM estimator and analyze the short-run impact of specialization and variety on firm exit. Specialization negatively affects firm exit rates in the short-run. The effect is particularly significant for low-tech firms. The impact of variety on firm mortality rates at the industry level is instead less clear, although still negative and significant for low-tech firms.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number 0173.
Length: 27 pages
Date of creation: Oct 2013
Date of revision:
Firm exit; Localization; Spatial agglomeration; Specialization; Variety. Classification-JEL: R11; R12; L11; G20.;
Find related papers by JEL classification:
- Var - - - - - -
- Cla - Mathematical and Quantitative Methods - - - - -
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- G20 - Financial Economics - - Financial Institutions and Services - - - General
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