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Industry diversity, competition and firm relatedness: the impact on employment before and after the 2008 global financial crisis

Citation

Wang, C and Madssen, JB and Steiner, B, Industry diversity, competition and firm relatedness: the impact on employment before and after the 2008 global financial crisis, Regional Studies, 51, (12) pp. 1801-1814. ISSN 0034-3404 (2017) [Refereed Article]

Copyright Statement

Copyright 2016 Regional Studies Association

DOI: doi:10.1080/00343404.2016.1254766

Abstract

Industry diversity, competition and firm relatedness: the impact on employment before and after the 2008 global financial crisis. Regional Studies. This study investigates the extent to which indicators of external-scale economies impacted employment growth in Canada over the period 2004–11. It focuses on knowledge spillovers between firms while accounting for Marshallian specialization, Jacobs’ diversity and competition by industry, as well as related and unrelated firm varieties in terms of employment and sales. It is found that the employment growth effects of local competition and diversity are positive, while the effect of Marshallian specialization is negative. Diversification is found to be particularly important for employment growth during the global financial crisis and immediately thereafter.

Item Details

Item Type:Refereed Article
Keywords:industry diversity, competition, firm relatedness, 2008 Global Financial Crisis
Research Division:Economics
Research Group:Applied economics
Research Field:Industry economics and industrial organisation
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industrial organisations
UTAS Author:Wang, C (Dr Cong Wang)
ID Code:128116
Year Published:2017
Web of Science® Times Cited:5
Deposited By:TSBE
Deposited On:2018-09-03
Last Modified:2018-10-15
Downloads:0

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