Do labour-managed firms benefit from agglomeration?
Jan Podivinsky () and
Journal of Economic Behavior & Organization, 2012, vol. 84, issue 1, 193-200
Panel data on the entry of labour-managed firms in the Basque Country are used to test for the presence of agglomeration externalities. A variety of controls are employed to deal with the identification problem that confronts any attempt to measure such effects. Consistent with theoretical arguments, we find evidence of positive non-industry-specific externalities among labour-managed firms. Our results do not rule out the additional presence of industry-specific externalities among such firms, but do indicate an absence of externalities flowing from capitalist to labour-managed firms.
Keywords: Labour-managed firms; Cooperatives; Agglomeration (search for similar items in EconPapers)
JEL-codes: L2 R3 P13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:84:y:2012:i:1:p:193-200
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