The Effect of Industry, Region and Time on New Business Survival - A Multi-Dimensional Analysis

Michael Fritsch (), Oliver Falck and Udo Brixy ()

Papers on Entrepreneurship, Growth and Public Policy from Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group

Abstract: We analyze the effect of industry, region and time on new-business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983-2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum efficient size and high numbers of entries. Regional growth has a rather pronounced positive influence on survival rates, while the relationship between the nationwide development of the particular industry and survival tends to be negative. We also find a remarkably high level of spatial autocorrelation.

Keywords: New-firm survival; hazard; entry; market selection (search for similar items in EconPapers)
JEL-codes: D21 L10 M13 R10 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2004-03
New Economics Papers: this item is included in nep-ent and nep-geo
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Citations: View citations in EconPapers (27)

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Related works:
Journal Article: The Effect of Industry, Region, and Time on New Business Survival – A Multi-Dimensional Analysis (2006)
Working Paper: The effect of industry, region, and time on new business survival - A multi-dimensional analysis (2006)
Working Paper: The effect of industry, region and time on new business survival: A multi-dimensional analysis (2004)
Working Paper: The effect of industry, region and time on new business survival: A multi-dimensional analysis (2004)
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