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The Survival of Tuscan Firms

Author

Listed:
  • Filippo Randelli

    (Dipartimento di Scienze per l'Economia e l'Impresa)

  • Giorgio Ricchiuti

    (Dipartimento di Scienze per l'Economia e l'Impresa)

Abstract

In this paper we analyze the survival probability of firms in Tuscany (Italy) in the first decade of the $21^{st}$ century. Using the Official Register of Firms, held by Unioncamere Toscany, we build a panel for the period 1998-2010. Taking into account both individual and context variables, we find that a higher institutional complexity and a lower population density have a positive and significant effect on probability to survive. Moreover, both MAR and Jacob externalities have a nonlinear effect on the probability to survive: it must be reached a minimum level so that the negative effects of competition are more than offset by the positive effects of networking.

Suggested Citation

  • Filippo Randelli & Giorgio Ricchiuti, 2015. "The Survival of Tuscan Firms," Working Papers - Economics wp2015_02.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    • Handle: RePEc:frz:wpaper:wp2015_02.rdf
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    More about this item

    Keywords

    Survival Analysis; Regional Studies; Economic Geography; Tuscany;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • L0 - Industrial Organization - - General
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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