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

Giulio Cainelli (), Sandro Montresor () and Giuseppe Vittucci Marzetti

Small Business Economics, 2014, vol. 43, issue 1, 213-228

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. Copyright Springer Science+Business Media New York 2014

Keywords: Firm exit; Localization; Spatial agglomeration; Specialization; Variety; R11; R12; L11; L26; G20 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (22)

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Working Paper: Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:43:y:2014:i:1:p:213-228

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DOI: 10.1007/s11187-013-9532-6

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