New firm formation: Dynamics and determinants

Sutaria, Vinod; Hicks, Donald A.

doi:10.1007/s00168-004-0194-9

Cited by 146 publications

(101 citation statements)

References 8 publications

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“…Therefore, we can confirm that the companies concentration influence positively on the financial sustainability, through the taxes collected [44].…”

Section: Rq 2 -Does the Company's Concentration Affect The Financial mentioning

confidence: 56%

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Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

et al. 2016

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In many countries, the economic crisis brought high volumes of deficit and debt in public entities, which jeopardized the ability of governments to continue providing public services and caused considerable imbalances of economic growth in different regions. In this context, from the recognition of the linkage between economic development and efficiency in public management, previous research indicates that local governments are called to play a key role in promoting sustainable development through environment, economic and social policies based on financial sustainability of the public services. This paper aims to identify influencing factors on the financial sustainability of local governments, as an indicator of their capacity to maintain the delivery of public services over time. Based on a sample of 139 Spanish municipalities with large population for the period 2006-2014, our findings reveal the influence of variables such as the unemployment rate by sector, the dependent population, the immigrant population and the level of education of the population, on the financial sustainability in local governments, providing new useful knowledge to managers, policymakers, researchers and others stakeholders interested in the sustainability of public services.

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“…Therefore, we can confirm that the companies concentration influence positively on the financial sustainability, through the taxes collected [44].…”

Section: Rq 2 -Does the Company's Concentration Affect The Financial mentioning

confidence: 56%

“…In this sense, following Sutaria and Hicks [44] implies an increase in tax revenues and private consumption, promoting financial capability the governments. However, authors such as Fritsch and Mueller [45] show that the companies' concentration in a region can have both positive and negative consequences on their development.…”

Section: Research Questionsmentioning

confidence: 99%

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

et al. 2016

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“…Surprisingly, mean establishment size (LogEstSize) measuring the structure of the industry has a significant positive impact with a coefficient around 0.19. Sutaria and Hicks (2004) offer two potential explanation for the results. First, large firms trigger the development of new interim goods suppliers of that industry.…”

Section: Findings and Discussionmentioning

confidence: 88%

Regional determinants of the small and medium size manufacturing firm entry in a developing country: evidence from Turkey

Özer¹

2017

Pressacademia

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To cite this document Ozer, M., (2017). Regional determinants of the small and medium size manufacturing firm entry in a developing country: evidence from Turkey. Journal of Economics, Finance and Accounting (JEFA), V. ABSTRACTPurpose-This study investigates regional determinants of the small and medium size firm entry in the manufacturing sector for a developing country, Turkey, in which regional economic development disparities are common. Methodology-Panel data was collected for the period between 2004 and 2009 and analysed by using Feasible GLS estimation technique. Findings-The results show that entrepreneurship culture, the structure of the industry, industry agglomeration overall are the most important factors stimulating the entry rates. However, the number of patent application as a supply-side variable seems to be the main deterrent of new firm entry by working as a fence in front of new firms. The average wage and low skill labor in labor force are the other factors that negatively influence new firm formation in demand and supply side of the economy. Conclusion-Some of these regional variables affecting business formation in developed countries have no influence on the small and medium size firm formation in developing countries. This suggests that the determinants could be country specific. Therefore, policy makers should be careful while using evidence from developed countries to stimulate firm start-ups in developing countries.

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“…Key explanatory variables include measures of unemployment, population density, industrial restructuring, and availability of financing (Armington and Acs, 2002), income as well as market dynamics such as exits and change in industrial structure (Sutaria and Hicks, 2004). Infrastructure, such as motorways, may also affect firm entry and location (Holl, 2004).…”

Section: Example II Entrepreneurship and Knowledge Spilloversmentioning

confidence: 99%

Grid and shake: spatial aggregation and the robustness of regionally estimated elasticities

Békés

Harasztosi

2017

Ann Reg Sci

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This paper proposes a simple method measuring spatial robustness of estimated coefficients and considers the role of administrative districts and regions' size. The procedure, dubbed "Grid and Shake", offers a solution for a practical empirical issue, when one compares a variables of interest across spatially aggregated units, such as regions. It may, for instance, be applied to investigate competition, agglomeration, spillover effects. The method offers to (i) have carry out estimations at various levels of aggregation and compare evidence, (ii) treat uneven and non-random distribution of administrative unit size, (iii) have the ability to compare results on administrative and artificial units, and (iv) be able to gouge statistical significance of differences. To illustrate the method, we use Hungarian data and compare estimates of agglomeration externalities at various levels of aggregation. We find that differences among estimated elasticities found at various levels of aggregation are broadly in the same range as those found in the literature employing various estimation method. Hence, the method of spatial aggregation seems to be of equal importance to modeling and econometric specification of the estimation. AbstractThis paper proposes a simple method measuring spatial robustness of estimated coefficients and considers the role of administrative districts and regions' size. The procedure, dubbed "Grid and Shake", offers a solution for a practical empirical issue, when one compares a variables of interest across spatially aggregated units, such as regions. It may, for instance, be applied to investigate competition, agglomeration, spillover effects. The method offers to (i) have carry out estimations at various levels of aggregation and compare evidence, (ii) treat uneven and non-random distribution of administrative unit size, (iii) have the ability to compare results on administrative and artificial units, and (iv) be able to gouge statistical significance of differences. To illustrate the method, we use Hungarian data and compare estimates of agglomeration externalities at various levels of aggregation. We find that differences among estimated elasticities found at various levels of aggregation are broadly in the same range as those found in the literature employing various estimation method. Hence, the method of spatial aggregation seems to be of equal importance to modeling and econometric specification of the estimation.

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New firm formation: Dynamics and determinants

Cited by 146 publications

References 8 publications

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development

Regional determinants of the small and medium size manufacturing firm entry in a developing country: evidence from Turkey

Grid and shake: spatial aggregation and the robustness of regionally estimated elasticities

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