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External economies of localization, urbanization and industrial diversity and new firm survival

Year: 2010

Type: article

Abstract: This paper explores how external economies influence the survival of new, independent business establishments in the continental United States using a confidential, establishment-level dataset on new firm longevity. Industrial localization has a positive influence on new businesses survival in five of the eight industries examined. Regional industrial diversity is also beneficial to new firms in five study industries, particularly those that are more knowledge-intensive. The benefits of city size are limited to two study industries, with diseconomies of size found for an additional three.

Source: Papers of the Regional Science Association

DOI: 10.1111/j.1435-5957.2010.00325.x

Author: Henry Renski

Institution: University of Massachusetts Amherst

Language: English

Topic: Regional Economics and Spatial Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $2,740