期刊
SMALL BUSINESS ECONOMICS
卷 43, 期 1, 页码 213-228出版社
SPRINGER
DOI: 10.1007/s11187-013-9532-6
关键词
Firm exit; Localization; Spatial agglomeration; Specialization; Variety
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.
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