Urbanisation, concentration and diversification as determinants of firm births and deaths

ABSTRACTThis paper examines the impact of urbanisation, concentration and diversification on firm births and firm deaths across European regions while uniquely accounting for the role of firm interrelationships, regional factors and national fixed effects. A 3SLS model on firm births and deaths is e...

Full description

Bibliographic Details
Main Authors: Daragh O’Leary, Justin Doran, Bernadette Power
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Regional Studies, Regional Science
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/21681376.2023.2204143
_version_ 1797225161149120512
author Daragh O’Leary
Justin Doran
Bernadette Power
author_facet Daragh O’Leary
Justin Doran
Bernadette Power
author_sort Daragh O’Leary
collection DOAJ
description ABSTRACTThis paper examines the impact of urbanisation, concentration and diversification on firm births and firm deaths across European regions while uniquely accounting for the role of firm interrelationships, regional factors and national fixed effects. A 3SLS model on firm births and deaths is estimated across 196 regions and 16 European countries from 2008 to 2017. We find that density positively influences firm births and negatively influences firm deaths. Related variety positively impacts firm deaths and negatively affects firm births. Significant national variations are also observed. Multiplier effects are identified within and across regions as firm births positively influence future firm births and negatively influence future firm deaths.
first_indexed 2024-03-08T21:21:33Z
format Article
id doaj.art-ac2a51ff6d4b44b2be77a8340b31a5e9
institution Directory Open Access Journal
issn 2168-1376
language English
last_indexed 2024-04-24T14:04:36Z
publishDate 2023-12-01
publisher Taylor & Francis Group
record_format Article
series Regional Studies, Regional Science
spelling doaj.art-ac2a51ff6d4b44b2be77a8340b31a5e92024-04-03T10:52:34ZengTaylor & Francis GroupRegional Studies, Regional Science2168-13762023-12-0110150652810.1080/21681376.2023.2204143Urbanisation, concentration and diversification as determinants of firm births and deathsDaragh O’Leary0Justin Doran1Bernadette Power2Department of Economics, Cork University Business School, Spatial and Regional Economics Research Centre, University College Cork, Cork City, IrelandDepartment of Economics, Cork University Business School, Spatial and Regional Economics Research Centre, University College Cork, Cork City, IrelandDepartment of Economics, Cork University Business School, Spatial and Regional Economics Research Centre, University College Cork, Cork City, IrelandABSTRACTThis paper examines the impact of urbanisation, concentration and diversification on firm births and firm deaths across European regions while uniquely accounting for the role of firm interrelationships, regional factors and national fixed effects. A 3SLS model on firm births and deaths is estimated across 196 regions and 16 European countries from 2008 to 2017. We find that density positively influences firm births and negatively influences firm deaths. Related variety positively impacts firm deaths and negatively affects firm births. Significant national variations are also observed. Multiplier effects are identified within and across regions as firm births positively influence future firm births and negatively influence future firm deaths.https://www.tandfonline.com/doi/10.1080/21681376.2023.2204143Firm dynamicsdensityconcentrationdiversificationL1C33
spellingShingle Daragh O’Leary
Justin Doran
Bernadette Power
Urbanisation, concentration and diversification as determinants of firm births and deaths
Regional Studies, Regional Science
Firm dynamics
density
concentration
diversification
L1
C33
title Urbanisation, concentration and diversification as determinants of firm births and deaths
title_full Urbanisation, concentration and diversification as determinants of firm births and deaths
title_fullStr Urbanisation, concentration and diversification as determinants of firm births and deaths
title_full_unstemmed Urbanisation, concentration and diversification as determinants of firm births and deaths
title_short Urbanisation, concentration and diversification as determinants of firm births and deaths
title_sort urbanisation concentration and diversification as determinants of firm births and deaths
topic Firm dynamics
density
concentration
diversification
L1
C33
url https://www.tandfonline.com/doi/10.1080/21681376.2023.2204143
work_keys_str_mv AT daragholeary urbanisationconcentrationanddiversificationasdeterminantsoffirmbirthsanddeaths
AT justindoran urbanisationconcentrationanddiversificationasdeterminantsoffirmbirthsanddeaths
AT bernadettepower urbanisationconcentrationanddiversificationasdeterminantsoffirmbirthsanddeaths