Do Geographic Concentration and Vertically Related Variety Foster Firm Productivity? Micro‐Evidence from <scp>I</scp>taly

Cainelli, Giulio; Ganau, Roberto; Iacobucci, Donato

doi:10.1111/grow.12112

Cited by 40 publications

(48 citation statements)

References 54 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…A region specializing in a particular composition of complementary sectors will experience higher growth rates than a region specializing in sectors that do not complement each other (Frenken et al, 2007) [36]. According to this view, which is in line with findings provided by Boschma et al (2012), Greunz (2003), Boschma et al (2015), and Cainelli et al (2016), firms and start-ups will or should agglomerate in regions where technological proximity between the firms is high [42][43][44][45]. Frenken et al (2007) studied the role of industrial diversification more closely by analysing whether related or unrelated diversification of industries is rewarding for regional stability and growth [36].…”

Section: Introductionsupporting

confidence: 82%

Diversified Agglomeration, Specialized Agglomeration, and Emission Reduction Effect—A Nonlinear Test Based on Chinese City Data

2018

View full text Add to dashboard Cite

Industrialization and urbanization has rapidly advanced in China. Therefore, clarifying the relationship between industrial agglomeration and environmental pollution resolves questions if intensive or dispersed development should be adopted for the future Chinese industry or not. By distinguishing between specialized and diversified agglomeration, this paper adopts the threshold regression method to investigate the differentiated influence of industrial agglomeration stages on pollution emission reduction. This was based on panel data from 2003 to 2016 on 285 prefecture-level cities in China. The result indicates that moderate degrees of industrial agglomeration and suitable agglomeration modes are conducive for the reduction of pollution emission. From a perspective of environmental protection, the development of diversified agglomeration is superior to that of specialized agglomeration. Specifically, a "U-shaped" relationship was found between specialized agglomeration and environmental pollution, suggesting that the former first mitigated and then worsened environmental pollution. This staged evolution of diversified agglomeration exerts a more-complex influence on environmental pollution. The following policy implications have been proposed: The currently implemented industrial growth pole strategy in China should fully utilize the "self-purification" effect of agglomeration to achieve energy conservation and emission reduction. Furthermore, differentiated agglomeration policies should be formulated in response to various growth poles according to different stages of industrial agglomeration. In addition, efforts should be made towards creating an interactive early warning mechanism for the spatial distribution of both economic activities and pollution.

show abstract

Section: Introductionsupporting

confidence: 82%

Diversified Agglomeration, Specialized Agglomeration, and Emission Reduction Effect—A Nonlinear Test Based on Chinese City Data

2018

View full text Add to dashboard Cite

show abstract

“…Hence, a positive coefficient of the cash flow variable means that firms are facing difficulties in raising external capitals, and the higher is the marginal effect of cash flow on investments, the more firms are affected by credit rationing. 2 Localization externalities are captured by an index of geographic concentration of industries measured as follows (CAINELLI et al, 2015):…”

Section: Econometric Methodologymentioning

confidence: 99%

“…However, data on Italian local labour markets are not available for the entire period analysed. Moreover, since provinces have policy powers concerning territorial planning, they may represent an appropriate territorial level to characterize firms' business environment (CAINELLI et al, 2015). 4.…”

Section: Notesmentioning

confidence: 99%

Productivity, Credit Constraints and the Role of Short-Run Localization Economies: Micro-Evidence from Italy

Ganau

2015

Regional Studies

Self Cite

View full text Add to dashboard Cite

GANAU R. Productivity, credit constraints and the role of short-run localization economies: micro-evidence from Italy, Regional Studies. This paper investigates whether Italian manufacturing firms' productivity is affected by credit constraints, and whether short-run localization economies foster productivity both directly and indirectly, moderating the negative effects of credit rationing via inter-firm credit relationships. Results suggest a negative effect of credit rationing on firms' productivity, while a positive relationship exists between short-run localization economies and productivity. It emerges that location in an industrially concentrated area reduces firms' investment-to-cash flow sensitivity, and that it positively moderates the negative effect of credit rationing on productivity. Moreover, the positive moderation effect seems to be increasing in the density of the local banking system. Total factor productivityCredit rationing Localization economiesGANAU R. La productivité, les contraintes de crédit et le rôle des économies de localisation à court terme: des résultats micro-économiques provenant de l'Italie, Regional Studies. Cet article cherche à examiner si, oui ou non, la productivité des entreprises de fabrication italiennes est touchée par les contraintes de crédit, et si les économies de localisation à court terme favorisent la productivité à la fois directement et indirectement, modérant ainsi les effets négatifs du rationnement du crédit par moyen des relations de crédit interentreprises. Les résultats laissent supposer que le rationnement du crédit exerce un effet négatif sur la productivité des entreprises, alors qu'il existe une relation positive entre les économies de localisation à court terme et la productivité. Il s'avère que la localisation d'une entreprise dans une zone fortement industrialisée réduit la sensibilité de son investissement au cash-flow, et qu'il modère de façon positive l'effet négatif du rationnement du crédit sur la productivité. En outre, l'effet de modération positif semble augmenter, vu la densité du système bancaire local. Productivité totale des facteurs Rationnement du crédit Économies de localisation GANAU R. Produktivität, Kreditbeschränkungen und die Rolle von kurzfristigen Lokalisationsökonomien: Mikrobelege aus Italien, Regional Studies. In diesem Beitrag wird untersucht, ob die Produktivität von italienischen produzierenden Betrieben durch Kreditbeschränkungen beeinflusst wird und ob kurzfristige Lokalisationsökonomien die Produktivität sowohl unmittelbar als auch mittelbar fördern, indem sie die negativen Auswirkungen einer Kreditrationierung mithilfe von Kreditbeziehungen zwischen Firmen abschwächen. Die Ergebnisse lassen auf eine negative Auswirkung der Kreditrationierung auf die Produktivität der Firmen schließen, während zwischen kurzfristigen Lokalisationsökonomien und der Produktivität eine positive Beziehung besteht. Es stellt sich heraus, dass der Standort in einer industriell konzentrierten Gegend die Investitionen-Cashflow-Sensibilität der ...

show abstract

“…AIDA, which has recently been used in an increasing number of empirical studies (e.g. Reganati and Sica, ; Colombo and Stanca, ; Ferragina et al ., ; Cainelli et al ., ), collects the annual accounts of Italian enterprises and contains information on a wide set of economic and financial variables, such as sales, costs and number of employees, value‐added, fixed tangible assets, R&D, start‐up year, sector of activity as well as ownership status. In order to study the spillover effects of foreign‐owned enterprises on domestically owned firms, we have identified all Italian firms whose Global Ultimate owner is foreign…”

Section: Data Set Model and Econometric Methodologymentioning

confidence: 99%

Do Multinational Enterprises Push up the Wages of Domestic Firms in the Italian Manufacturing Sector?

Pittiglio

Reganati

Sica

2014

The Manchester School

View full text Add to dashboard Cite

This paper investigates the impact of incoming foreign direct investment on local wages in the Italian manufacturing sector. We find that wage spillovers take place mainly when the technological gap between domestically owned firms and foreign‐owned firms is large. Specifically, a large technological distance between domestically owned and foreign‐owned firms has positive effects on wages paid by domestically owned firms in the same industry and negative on domestic wages in upstream and/or in downstream industries. Finally, inward investment may indeed improve the domestic sectors, although such linkage depends on different characteristics of domestically owned firms and sectors where firms operate.

show abstract

Do Geographic Concentration and Vertically Related Variety Foster Firm Productivity? Micro‐Evidence from Italy

Cited by 40 publications

References 54 publications

Diversified Agglomeration, Specialized Agglomeration, and Emission Reduction Effect—A Nonlinear Test Based on Chinese City Data

Diversified Agglomeration, Specialized Agglomeration, and Emission Reduction Effect—A Nonlinear Test Based on Chinese City Data

Productivity, Credit Constraints and the Role of Short-Run Localization Economies: Micro-Evidence from Italy

Do Multinational Enterprises Push up the Wages of Domestic Firms in the Italian Manufacturing Sector?

Contact Info

Product

Resources

About