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The Annals of Regional Science

, Volume 62, Issue 1, pp 99–118 | Cite as

Spatial patterns and determinants of firm exit: an empirical analysis on France

  • Giuseppe ArcuriEmail author
  • Marc Brunetto
  • Nadine Levratto
Original Paper
  • 99 Downloads

Abstract

The purpose of this research is to study the role of spatial agglomeration economies as drivers of firm exit in France over the period 2009–2013 by focusing on two regional variables (local financial development and local specialization). The spatial autocorrelation detected in the data leads us to apply spatial econometric techniques (Spatial Dynamic Panel models and spatial GMM) that permit us to control the estimation of spatial spillover effects. Our results show that firm exit is significantly influenced by positive spatial autocorrelation. Therefore, locations with high exit rates tend to be surrounded by similar ones. However, this phenomenon differs according to the period. In addition, we find that greater local financial development reduces the exit rate in a department, whereas local specialization seems not to exert any effect.

JEL Classification

G33 L26 R11 R12 

Supplementary material

168_2018_887_MOESM1_ESM.dat (165 kb)
Supplementary material 1 (DTA 165 kb)

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2018

Authors and Affiliations

  • Giuseppe Arcuri
    • 1
    Email author
  • Marc Brunetto
    • 1
  • Nadine Levratto
    • 1
  1. 1.EconomiX CNRSUniversité Paris NanterreNanterre CedexFrance

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