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Geographic concentration and high tech firm survival

De Silva, Dakshina and McComb, Robert (2012) Geographic concentration and high tech firm survival. Regional Science and Urban Economics, 42 (4). pp. 691-701. ISSN 0166-0462

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    Abstract

    If localization economies are present, firms within denser industry concentrations should exhibit higher levels of performance than more isolated firms. Nevertheless, research in industrial organization that has focused on the influences on firmsurvival has largely ignored the potential effects from agglomeration. Recent studies in urban and regional economics suggest that agglomeration effects may be very localized. Analyses of industry concentration at the MSA or county-level may fail to detect important elements of intra-industry firm interaction that occur at the sub-MSA level. Using a highly detailed dataset on firm locations and characteristics for Texas, this paper analyses agglomeration effects on firmsurvival over geographic areas as small as a single mile radius. We find that greater firm density within very close proximity (within 1 mile) of firms in the same industry increases mortality rates while greater concentration over larger distances reduces mortality rates.

    Item Type: Article
    Journal or Publication Title: Regional Science and Urban Economics
    Uncontrolled Keywords: Firm survival ; Agglomeration ; Localization ; Knowledge externalities
    Subjects: H Social Sciences > HB Economic Theory
    Departments: Lancaster University Management School > Economics
    ID Code: 58104
    Deposited By: ep_importer_pure
    Deposited On: 03 Sep 2012 11:10
    Refereed?: Yes
    Published?: Published
    Last Modified: 10 Apr 2013 15:32
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/58104

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