英文标题:
《The role of industry, occupation, and location specific knowledge in the
survival of new firms》
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作者:
C. Jara-Figueroa, Bogang Jun, Edward Glaeser, and Cesar Hidalgo
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最新提交年份:
2018
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英文摘要:
How do regions acquire the knowledge they need to diversify their economic activities? How does the migration of workers among firms and industries contribute to the diffusion of that knowledge? Here we measure the industry, occupation, and location-specific knowledge carried by workers from one establishment to the next using a dataset summarizing the individual work history for an entire country. We study pioneer firms--firms operating in an industry that was not present in a region--because the success of pioneers is the basic unit of regional economic diversification. We find that the growth and survival of pioneers increase significantly when their first hires are workers with experience in a related industry, and with work experience in the same location, but not with past experience in a related occupation. We compare these results with new firms that are not pioneers and find that industry-specific knowledge is significantly more important for pioneer than non-pioneer firms. To address endogeneity we use Bartik instruments, which leverage national fluctuations in the demand for an activity as shocks for local labor supply. The instrumental variable estimates support the finding that industry-related knowledge is a predictor of the survival and growth of pioneer firms. These findings expand our understanding of the micro-mechanisms underlying regional economic diversification events.
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中文摘要:
各地区如何获得经济活动多样化所需的知识?工人在公司和行业之间的迁移如何有助于知识的传播?在这里,我们使用汇总整个国家个人工作历史的数据集,测量工人从一个机构到下一个机构所携带的行业、职业和地点特定知识。我们研究先锋企业——在一个地区不存在的行业中运营的企业——因为先锋企业的成功是区域经济多样化的基本单位。我们发现,当创业者的第一批员工具有相关行业的工作经验,并且在同一地点有工作经验,但没有相关职业的过往经验时,他们的成长和生存会显著提高。我们将这些结果与非先锋企业的新企业进行比较,发现行业特定知识对先锋企业的重要性明显高于非先锋企业。为了解决内生性问题,我们使用Bartik工具,该工具利用国家对某项活动需求的波动作为对当地劳动力供应的冲击。工具变量估计支持以下发现:行业相关知识是先锋企业生存和增长的预测因子。这些发现扩大了我们对区域经济多样化事件背后微观机制的理解。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类:Physics 物理学
二级分类:Physics and Society 物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
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