501
Views
14
CrossRef citations to date
0
Altmetric
Original Articles

Regional Market Potential and the Number and Size of Firms: Observations and Evidence from Chile

Potentiel du marché régional et nombre / taille des entreprises: observations et éléments probants au Chili

Potencial del mercado regional y número y tamaño de las firmas: observaciones y evidencia de Chile

区域市场潜力和企业的数量与规模: 来自智利的观察结果和证据

Pages 327-348 | Received 05 Mar 2013, Accepted 11 Oct 2013, Published online: 29 Jul 2014

References

  • Amorós, J. E., Atienza, M. & Romani, G. (2008) Formal and informal equity funding in Chile, Estudios de Economía, 35, 179–194.
  • Arellano, M. & Bond, S. (1991) Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Review of Economic Studies, 58, 277–297. 10.2307/2297968
  • Armington, C. & Acs, Z. (2002) The determinants of regional variation in new firm formation, Regional Studies, 36, 33–45. 10.1080/00343400120099843
  • Aroca, P. (2009) Las desigualdades regionales en Chile, Foreign Affairs, 9, 53–62.
  • Aroca, P., Hewings, G. J. D. & Sonis, M. (2012) The effect of credit and asset constraint on interregional labour migration, in: A. Frenkel, P. Nijkamp, & P. McCann (eds) Societies in Motion, pp. 169–189, Chelternham, Elgar.
  • Audretsch, D., Dohse, D. & Niebuhr, A. (2010) Cultural diversity and entrepreneurship: a regional analysis for Germany, The Annals of Regional Science, 45, 55–85. 10.1007/s00168-009-0291-x
  • Baptista, R. & Mendonça, J. (2010) Proximity to knowledge sources and the location of knowledge based start-ups, The Annals of Regional Science, 45, 5–29. 10.1007/s00168-009-0289-4
  • Bosma, N., de Wit, G. & Carreé, M. (2005) Modelling entrepreneurship: unifying the equilibrium and entry/exit approach, Small Business Economics, 25, 35–48. 10.1007/s11187-005-4256-x
  • Bosma, N., van Praag, M., Thurik, R. & de Wit, G. (2002) The value of social capital investments for the business performance of start-ups, Small Business Economics, 23, 227–223. 10.1023/B:SBEJ.0000032032.21192.72
  • Brakman, S., Garretsen, H. & Schramm, M. (2004) The spatial distribution of wages and employment: estimating the Helpman–Hanson model for Germany, Journal of Regional Science, 44, 437–466. 10.1111/j.0022-4146.2004.00344.x
  • Caputo, R. K. & Dolinsky, A. (1998) Women's choice to pursue self-employment: the role of financial and human capital of household members, Journal of Small Business Management, 36, 8–17.
  • Carree, M. A. & Thurik, A. R. (1996) Entry and exit in retailing: incentives, barriers, displacement and replacement, Review of Industrial Organization, 11, 155–172. 10.1007/BF00157664
  • Carree, M., van Stel, A., Thurik, R. & Wennekers, S. (2002) Economic development and business ownership: an analysis using data of 23 OECD countries in the period 1976–1996, Small Business Economics, 19, 271–290. 10.1023/A:1019604426387
  • Chinitz, B. (1961) Contrasts in agglomeration: New York and Pittsburgh, American Economic Review, 51, 279–289.
  • Choi, Y. R. & Phan, P. H. (2006) The influences of economic and technology policy on the dynamics of new firm formation, Small Business Economics, 26, 493–503. 10.1007/s11187-005-5989-2
  • Davidsson, P. & Henrekson, M. (2002) Determinants of the prevalence of start-ups and high-growth firms, Small Business Economics, 19, 81–104. 10.1023/A:1016264116508
  • de Ramón, A. (1990) La población informal. Poblamiento de la periferia de Santiago de Chile, 1920–1970, Eure, 50, 5–17.
  • Davidsson, P. & Wiklund, J. (1997) Values, beliefs and regional variations in new firm formation rates, Journal of Economic Psychology, 18, 179–199. 10.1016/S0167-4870(97)00004-4
  • Djankov, S. (2008) A Response to Is Doing Business Damaging Business? World Bank Working Paper, Washington, DC, World Bank.
  • Doeringer, P., Evans-Klock, C. & Terkla, D. (2004) What attracts high performance factories? Management culture and regional advantage, Regional Science and Urban Economics, 34, 591–618. 10.1016/j.regsciurbeco.2003.08.001
  • Durand, D. & Shea, D. (1974) Entrepreneurial activity as a function of achievement motivation and reinforcement control, Journal of Psychology, 88, 57–63. 10.1080/00223980.1974.9915713
  • Duranton, G. & Puga, D. (2001) Nursery cities: urban diversity, process innovation, and the life cycle of products, American Economic Review, 91, 1454–1477 10.1257/aer.91.5.1454
  • Felzensztein, C. & Gimmon, E. (2012) Regional entrepreneurship: what can we learn from the periphery?International Journal of Entrepreneurship and Small Business, 15, 362–75. 10.1504/IJESB.2012.045685
  • Figueroa, D. (2009) The evolving role of the Latin American notary public, International Legal Studies Program Law Journal, 1, 159–161.
  • Forslid, R. & Ottaviano, G. I. P. (2003) An analytically solvable core-periphery model, Journal of Economic Geography, 3, 229–240. 10.1093/jeg/3.3.229
  • Fujita, M., Krugman, P. & Venables, A. (1999) The Spatial Economy: Cities, Regions, and International Trade, Cambridge, MA, MIT Press.
  • Gerritse, M. & Moreno-Monroy, A. I. (2012) Informal sector and manufacturing location: in search of the missing links, Spatial Economic Analysis, 7, 179–201. 10.1080/17421772.2012.669493
  • Glaeser, E. & Kerr, W. (2009) Local industrial conditions and entrepreneurship: how much of the spatial distribution can we explain? Journal of Economics and Management Strategy, 18, 623–663. 10.1111/j.1530-9134.2009.00225.x
  • Glaeser, E., Kerr, W. & Ponzetto, G. (2010a) Clusters of entrepreneurship, Journal of Urban Economics, 67, 150–68. 10.1016/j.jue.2009.09.008
  • Glaeser, E. L., Rosenthal, S. S. & Strange, W. C. (2010b) Urban economics and entrepreneurship, Journal of Urban Economics, 67, 1–14. 10.1016/j.jue.2009.10.005
  • Goetz, S. J. & Rupasingha, A. (2009) Determinants of growth in non-farm proprietor densities in the US, 1990–2000, Small Business Economics, 32, 425–438. 10.1007/s11187-007-9079-5
  • Hanson, G. (2005) Market potential, increasing returns, and geographic concentration, Journal of International Economics, 67, 1–24. 10.1016/j.jinteco.2004.09.008
  • Harris, C. D. (1954) The market as a factor in the localization of industry in the United States, Annals of the Association of American Geographers, 44, 315–348.
  • Head, K. & Mayer, T. (2006) Regional wage and employment responses to market potential in the EU, Regional Science and Urban Economics, 36, 573–594. 10.1016/j.regsciurbeco.2006.06.002
  • Helpman, E. (1998) The size of regions, in: D. Pines, E. Sadka, & I. Zilcba (eds) Topics in Public Economics: Theoretical and Applied Analysis, pp. 33–54, Cambridge, MA, University Press.
  • INE (National Institute of Statistics of Chile). (2008) Cambios en las Pautas de Consumo de los Chilenos. Resultados de la VI Encuesta de Presupuestos Familiares. Enfoque Estadístico [Changes in the Patterns of Consumption of Chileans. Results of the VI Survey of Households Budget. A Statistical Approach]. Boletín Informativo [Information Bulletin]. May, Santiago, Chile.
  • Jacobs, J. (1969) The Economy of Cities, New York, NY, Vintage Books.
  • Jaffe, A., Trajtenberg, M. & Henderson, R. (1993) Geographic localization of knowledge Spillovers as evidenced by patent citations, Quarterly Journal of Economics, 108, 577–598. 10.2307/2118401
  • Johnson, P. (2005) Targeting firm births and economic regeneration in a lagging region, Small Business Economics, 24, 451–464. 10.1007/s11187-005-6454-y
  • Jorgenson, D. W. (2001) Information technology and the US economy, The American Economic Review, 91, 1–32. 10.1257/aer.91.1.1
  • Kuschel, E. (2008) Análisis Comparado de la Situación de la Micro, Pequeña y Mediana Empresa Especialmente en Relación a la Normativa y Barreras de Instalación de las Empresas [Comparative analysis of the situation of the micro, small and medium-sized firm specially in relation to the regulations and barriers to the installation of enterprises], Undergraduate thesis, Santiago, Department of Economic Law, Universidad de Chile.
  • Krugman, P. (1991) Increasing returns and economic geography, Journal of Political Economy, 99, 483–499. 10.1086/261763
  • Mion, G. (2004) Spatial externalities and empirical analysis: the case of Italy, Journal of Urban Economics, 56, 97–118. 10.1016/j.jue.2004.03.004
  • Naudé, W. A., Gries, T., Wood, E. & Meintjes, A. (2008) Regional determinants of entrepreneurial start-ups in a developing country, Entrepreneurship & Regional Development, 20, 111–124. 10.1080/08985620701631498
  • Nickell, S. (1985) Error correction, partial adjustment and all that: an expository note, Oxford Bulletin of Economics and Statistics, 47, 119–129. 10.1111/j.1468-0084.1985.mp47002002.x
  • Nunn, N. & Puga, D. (2012) Ruggedness: the blessing of bad geography in Africa, The Review of Economics and Statistics, 94, 20–36. 10.1162/REST_a_00161
  • Paredes, D. (2012) The Role of Agglomeration and Dispersion Forces on the Spatial Distribution of Economic Activity in Chile: An Empirical Analysis of Spatial Wage Distribution and Regional Housing Prices, Ph.D. Dissertation, Urbana, IL, University of Illinois at Urbana-Champaign.
  • Paredes, D. (2013) The role of human capital, market potential and natural amenities in understanding spatial wage disparities in Chile, Spatial Economic Analysis, 8, 154–175. 10.1080/17421772.2013.774094
  • Parker, S. C. (2005) Explaining regional variations in entrepreneurship as multiple equilibria, Journal of Regional Science, 45, 829–850. 10.1111/j.0022-4146.2005.00394.x
  • Puga, D. (1999) The rise and fall of regional inequalities, European Economic Review, 43, 303–334. 10.1016/S0014-2921(98)00061-0
  • Reynolds, P. D., Miller, B. & Maki, W. R. (1995) Explaining regional variation in business births and deaths: U.S. 1976–88, Small Business Economics, 7, 389–407. 10.1007/BF01302739
  • Sabatini, F. (1991) Santiago: Tendencias y posibilidades de desconcentración de la industria en la macro región central [Santiago: Trends and possibilities for the decentralization of industry in the central macro region], Eure, 27, 75–86.
  • Saxenian, A. (1994) Regional Advantage: Culture and Competition in Silicon Valley and Route 128, Cambridge, MA, Harvard University Press.
  • Sutton, J. (1991) Sunk Costs and Market Structure, Cambridge, MA, MIT Press.
  • Sutton, J. (1998) Technology and Market Structure, Cambridge, MA, MIT Press.
  • Szerb, L. & Acs, Z. J. (2012) The Global Entrepreneurship and Development Index, Northampton, MA, Edward Elgar.
  • Tirole, J. (1988) The Theory of Industrial Organization, Cambridge, MA, MIT Press.
  • Windmeijer, F. (2005) A finite sample correction for the variance of linear efficient two-step GMM estimators, Journal of Econometrics, 126, 25–51. 10.1016/j.jeconom.2004.02.005
  • Windmeijer, F. (2008) GMM for panel count data models, in: The Econometrics of Panel Data. Fundamentals and Recent Developments in Theory and Practice, volume 46, Advanced Studies in Theoretical and Applied Econometrics, Amsterdam, Springer.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.