The effect of industry, region, and time on new business survival - A multi-dimensional analysis
We analyze the effect of industry, region, and time on new businesssurvival rates by means of a multi-dimensional approach. The data relateto West German districts in the 1983-2000 period. The survival chancesof start-ups tend to be relatively low in industries characterized by ahigh minimum efficient size and high numbers of entries. We find thatregional characteristics play a rather important role and thatintroducing the regional dimension leads to considerable improvements ofthe estimation results. The significance of the regional dimension isalso reflected in a remarkably high level of neighborhood effects.
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|Date of creation:||2006|
|Date of revision:|
|Publication status:||Published in Review of Industrial Organization 3 28(2006): pp. 285-306|
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Web page: http://www.vwl.uni-muenchen.de
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