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.
Giulio Cainelli, Sandro Montresor, Giuseppe Vittucci Marzetti (2014). Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces. SMALL BUSINESS ECONOMICS, 43(1), 213-228 [10.1007/s11187-013-9532-6].
Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces
MONTRESOR, SANDRO;
2014
Abstract
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
