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

Wang, C ORCID: 0000-0002-6852-5490, Madssen, JB and Steiner, B 2017 , 'Industry diversity, competition and firm relatedness: the impact on employment before and after the 2008 global financial crisis' , Regional Studies, vol. 51, no. 12 , pp. 1801-1814 , doi: 10.1080/00343404.2016.1254766.

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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.

Item Type: Article
Authors/Creators:Wang, C and Madssen, JB and Steiner, B
Keywords: industry diversity, competition, firm relatedness, 2008 Global Financial Crisis
Journal or Publication Title: Regional Studies
Publisher: Carfax Publishing
ISSN: 0034-3404
DOI / ID Number: 10.1080/00343404.2016.1254766
Copyright Information:

Copyright 2016 Regional Studies Association

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