Agglomeration and the Location of Foreign Direct Investment in Portugal

Guimarães, Paulo; Figueiredo, Octávio; Woodward, Douglas

doi:10.1006/juec.1999.2138

Cited by 342 publications

(353 citation statements)

References 29 publications

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“…Firm location in urban centers may also impact upon firm growth, due to urbanization externalities and agglomeration economies (Guimarães et al 2000). Urban locations often contain a wealth of diverse resources but firms at these locations may also face greater competition and higher costs Hence, along with the sector where the firm operates, these industry characteristics will be taken into account as well, although no definite expectation about their impact exists according to the available literature but they are commonly controlled for in studies of firm growth.…”

Section: Control Variablesmentioning

confidence: 99%

Employment and SMEs during crises

Varum

Rocha

2011

Small Bus Econ

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The current economic crisis has raised concerns about the persistent increasing duration of unemployment. Although lay-offs at large firms normally make headlines during crises, we still know little about the potential impact of firm size on firms' adjustment behavior under a crisis context. We study firm size effects on employment growth during economic slowdowns, using a rich microeconomic database for the 1988-2007 period in the Portuguese manufacturing industry. The results show that economic downturns impacted negatively upon firm growth. This negative impact is found to be higher for larger firms, either during or also immediately after crisis periods. Small and medium sized enterprises (SMEs) emerge as potential stabilizers in downturn periods. However, larger firms seem to be able to quickly recover from downturn periods.Our results contribute to the scarce literature on these matters and also to the understanding of the Portuguese case, where there are a great number of SMEs which secure the majority of jobs. These first results may be useful as SMEs play a determinant role in other economies of the European Union (EU).

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Section: Control Variablesmentioning

confidence: 99%

Employment and SMEs during crises

Varum

Rocha

2011

Small Bus Econ

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“…When we take into account these regional dummies, the estimates are similar with the exception, not surprisingly, of the variable Population density which is no longer significant (see Guimarães et al(2000) for a similar effect).…”

Section: Resultsmentioning

confidence: 65%

Entry by research-based spin-offs: the determinants of regional variation

Conceição¹,

Fontes²,

Pascoal‐Faria³

2013

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“…As regards agglomeration, it is known that FDI plants concentrate by activity, which is true of the US (Coughlin and Segev, 2000;and Kim et al, 2003), the UK (Brand et al, 2000) and elsewhere (Guimaraes et al, 2000). It is also true of the study area, where two-thirds of the FDI plants are engaged in manufacturing, half of which are in just four 2-digit activities.…”

Section: The Variablesmentioning

confidence: 91%

Re-Investment and the Survival of Foreign-Owned Plants

Jones¹,

Wren²

2009

Understanding the Location of Foreign Direct Investment

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Foreign-owned plants have higher conditional exit rates, but this paper tests the hypothesis that re-investment "embeds" these plants, leading to significantly longer survival time durations. A unique dataset is used for 265 plants that commenced in foreign ownership after 1985 in North East England, distinguishing between start-up ("greenfield") and acquisition plants. Survival is measured at 2000, and the paper analyses the duration to the first reinvestment and survival, allowing for selection into the multiple investment state. It finds that re-investment increases the lifetime of start-up plants, but this is insignificant once selection is controlled for, while for acquisition plants there is no difference. Grants affect selection, but not the survival of start-up plants. The paper offers little support for re-investment as a source of "embeddedness".JEL classification: O12, L20, R58

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Agglomeration and the Location of Foreign Direct Investment in Portugal

Cited by 342 publications

References 29 publications

Employment and SMEs during crises

Employment and SMEs during crises

Entry by research-based spin-offs: the determinants of regional variation

Re-Investment and the Survival of Foreign-Owned Plants

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