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| Author: | Beaudry, C. Swann, G.M.P. |
| Title: | Firm growth in industrial clusters of the United Kingdom |
| Journal: | Small business economics
2009 : APR, VOL. 32:4, p. 409-424 |
| Index terms: | United Kingdom industries company performance growth |
| Freeterms: | industrial clusters |
| Language: | eng |
| Abstract: | This article explores how firm growth (henceforth as: f-g.) is influenced by the strength of the industrial cluster in which the firm is situated. Econometric estimates of f-g. are presented for 56 two-digit industries (here as: inds.) in the U.K. There is a positive and statistically significant association (here as: sgn-asscn.) btw. f-g. and own-sector (as: o-s.) employment in about half of these inds. Sgn-asscn/s. btw. f-g. and other-sector (as: ot-s.) employment are less common. Yet, once these arise they are generally negative. It is found that a weak rule of thumb applies in most inds.: o-s. effects are positive or insignificant (as: insgnf.), while ot-s. effects are negative or insgnf. Cluster effects are strongest in manufacturing, manufacturing-related, and infrastructure, but weaker in services. |
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