Spatial agglomeration and firms exit: a spatial dynamic analysis for Italian provinces

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.

Authors
Authors: 
CAINELLI Giulio, VITTUCCI MARZETTI Giuseppe, MONTRESOR Sandro
Publication Year
Publication Year: 
2013
Type

Type:

Appears in Collections
Appears in Collections: 
Institute for Prospective Technological Studies
Science Areas
JRC Institutes
Publisher
Publisher: 
SPRINGER
ISSN
ISSN: 
0921-898X
Citation
Citation: 
SMALL BUSINESS ECONOMICS no. 4 vol. 42