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

Cong Wang, Jakob B. Madsen, Bodo Steiner

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2 Citations (Scopus)
47 Downloads (Pure)

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.

Original languageEnglish
Pages (from-to)1801-1814
Number of pages14
JournalRegional Studies
Volume51
Issue number12
Early online date16 Dec 2016
DOIs
Publication statusPublished - 2017

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employment trend
financial crisis
relatedness
firm
specialization
industry
diversification
sales
Canada
geography
economy
knowledge

Cite this

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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.",
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Industry diversity, competition and firm relatedness: The impact on employment before and after the 2008 global financial crisis. / Wang, Cong; Madsen, Jakob B.; Steiner, Bodo.

In: Regional Studies, Vol. 51, No. 12, 2017, p. 1801-1814.

Research output: Contribution to journalArticleResearchpeer-review

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AU - Madsen, Jakob B.

AU - Steiner, Bodo

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AB - 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.

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