Do labour-managed firms benefit from agglomeration?

► We test for agglomeration externalities among labour-managed firms. ► Panel data from Basque Country. ► Strong evidence of positive non-industry-specific externalities. ► Industry-specific externalities are not ruled out. ► Results suggest no externalities flowing from capitalist to labour-managed...

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Veröffentlicht in:Journal of economic behavior & organization 2012-09, Vol.84 (1), p.193-200
Hauptverfasser: Arando, Saioa, Gago, Monica, Podivinsky, Jan M., Stewart, Geoff
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container_title Journal of economic behavior & organization
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creator Arando, Saioa
Gago, Monica
Podivinsky, Jan M.
Stewart, Geoff
description ► We test for agglomeration externalities among labour-managed firms. ► Panel data from Basque Country. ► Strong evidence of positive non-industry-specific externalities. ► Industry-specific externalities are not ruled out. ► Results suggest no externalities flowing from capitalist to labour-managed firms. Panel data on the entry of labour-managed firms in the Basque Country are used to test for the presence of agglomeration externalities. A variety of controls are employed to deal with the identification problem that confronts any attempt to measure such effects. Consistent with theoretical arguments, we find evidence of positive non-industry-specific externalities among labour-managed firms. Our results do not rule out the additional presence of industry-specific externalities among such firms, but do indicate an absence of externalities flowing from capitalist to labour-managed firms.
doi_str_mv 10.1016/j.jebo.2012.07.014
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source Applied Social Sciences Index & Abstracts (ASSIA); Elsevier ScienceDirect Journals
subjects Agglomeration
Basque Country
Businesses
Capitalism
Co-operatives
Cooperatives
Externalities
Identification
Industrial concentration
Labor economics
Labour-managed firms
Market entry
Panel data
Studies
title Do labour-managed firms benefit from agglomeration?
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