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

Giulio Cainelli (), Sandro Montresor () and Giuseppe Vittucci Marzetti
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Giulio Cainelli: University of Padova

No 173, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

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.

Keywords: Firm exit; Localization; Spatial agglomeration; Specialization; Variety. (search for similar items in EconPapers)
JEL-codes: G20 L11 R11 R12 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2013-10
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-geo, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0173

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