Spatial agglomeration and firms exit: a spatial dynamic analysis for Italian provinces
The 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.
CAINELLI Giulio;
MONTRESOR Sandro;
VITTUCCI MARZETTI Giuseppe;
2014-04-02
SPRINGER
JRC87271
0921-898X,
http://rd.springer.com/article/10.1007/s11187-013-9532-6#,
https://publications.jrc.ec.europa.eu/repository/handle/JRC87271,
10.1007/s11187-013-9532-6,
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