Spatial determinants of productivity growth on agriâ€ food Spanish firms: a comparison between cooperatives and investorâ€ owned firms
MCarmen MartÃnezâ€ Victoria,
Mariluz MatÃ© SÃ¡nchezâ€ Val and
Narciso Arcasâ€ Lario
Agricultural Economics, 2018, vol. 49, issue 2, 213-223
This study analyses the effect of the spatial factor, location, and interaction effects among peer companies, on the productivity growth of agriâ€ food companies in Spain. With this aim, we build a productivity growth index and apply a multiequational Seemingly Unrelated Regression on a sample of 344 Spanish cooperatives and investorâ€ owned firms for the period 2010â€“2012. Our findings show that agriâ€ food firms are influenced by spatial factors finding interesting differences between cooperatives and investorâ€ owned firms. With regard to the geographical location, cooperatives in the western of Spain show higher productivity growth rates, whereas investorâ€ owned firms in the northeast of Spain present better results. The interaction effect among closer peer companies is also a relevant factor to determine the productivity growth in agriâ€ food companies. This factor is more relevant for cooperatives than for investorâ€ owned firms.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:agecon:v:49:y:2018:i:2:p:213-223
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