Value chain, regional institutions and firm growth in Europe

IF 3.1 2区经济学 Q1 ECONOMICS

Journal of Economic Geography Pub Date : 2023-02-23 DOI:10.1093/jeg/lbad004

G. Cainelli, R. Ganau, A. Giunta

引用次数: 0

Abstract

We analyse whether and to what extent the quality of regional institutions has a differential effect on firms’ growth driven by heterogeneity in firm value chain positioning. We analyse turnover growth during the period 2010–2013 for a sample of manufacturing firms located in four European countries—France, Germany, Italy and Spain. We distinguish final firms serving end markets from suppliers serving other firms. Our instrumental variable estimates point to high-quality regional institutions enhancing the growth performance of only locally embedded suppliers with operations confined to the own regional market—that is, the ‘weakest’ node of the value chain.

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价值链，区域机构和公司在欧洲的成长

我们分析了区域制度的质量是否以及在多大程度上对企业价值链定位异质性驱动下的企业增长产生差异效应。我们以法国、德国、意大利和西班牙四个欧洲国家的制造业公司为样本，分析了2010-2013年的营业额增长情况。我们区分为终端市场服务的最终公司和为其他公司服务的供应商。我们的工具变量估计表明，高质量的区域机构只会提高本地嵌入式供应商的增长绩效，这些供应商的运营仅限于自己的区域市场，即价值链的“最弱”节点。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Geography Multiple-

CiteScore

5.40

自引率

6.90%

发文量

期刊介绍： The aims of the Journal of Economic Geography are to redefine and reinvigorate the intersection between economics and geography, and to provide a world-class journal in the field. The journal is steered by a distinguished team of Editors and an Editorial Board, drawn equally from the two disciplines. It publishes original academic research and discussion of the highest scholarly standard in the field of ''economic geography'' broadly defined. Submitted papers are refereed, and are evaluated on the basis of their creativity, quality of scholarship, and contribution to advancing understanding of the geographic nature of economic systems and global economic change.