Logo Logo
Hilfe
Hilfe
Switch Language to English

Heblich, Stephan; Falck, Oliver; Günther, Christina und Kerr, William R. (2010): From Russia with Love: The Impact of Relocated Firms on Incumbent Survival. Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Agglomeration, Transport and Trade G3-V2

Warnung
Es gibt eine neuere Version des Dokumentes.
Volltext auf 'Open Access LMU' nicht verfügbar.

Abstract

Identifying the impact of local firm concentration on individual firm performance is likely to produce a selection bias related to the positive effects of local concentration if agglomeration economies and natural advantages coincide. We overcome this problem by exploiting exogenous variation arising from a natural experiment. When Germany was divided after World War II, a great many firms fled the socialist East to prevent expropriation and located in random West German regions. Based on micro-level data for the population of firms in the machine tool industry from 1949 -2002, we identify the impact of relocated firms on incumbent firms’ survival. We find a negative effect on incumbent survival, suggesting that the costs of increased competition dominate the potential benefits of agglomeration.

Alle Versionen dieses Dokumentes

Dokument bearbeiten Dokument bearbeiten