Many industries have displayed a rapid increase in the number of firms during the late stage of their evolution, in presence of high concentration rates and strong entry barriers. In the Italian brewing industry, while the structure of the market has gradually evolved toward a concentrated structure, thousands of new small firms (i.e. craft breweries) entered the market in the ‘90s. The goal of this paper is to investigate the spatial diffusion of the entry of these small firms. Spatial proximity may foster additional entry because of localized social contagion and legitimization. We use data about the entries of craft breweries from 1988 to 2016 in each Italian municipality. Our empirical results show the existence of a positive impact of the number of existing firms in a given area on the probability of observing new firms in the same area.
Garavaglia, C., & Borgoni, R. (2021). The diffusion of small firms: a spatial analysis of craft breweries in Italy. REGIONAL STUDIES.
|Citazione:||Garavaglia, C., & Borgoni, R. (2021). The diffusion of small firms: a spatial analysis of craft breweries in Italy. REGIONAL STUDIES.|
|Tipo:||Articolo in rivista - Articolo scientifico|
|Carattere della pubblicazione:||Scientifica|
|Presenza di un coautore afferente ad Istituzioni straniere:||No|
|Titolo:||The diffusion of small firms: a spatial analysis of craft breweries in Italy|
|Autori:||Garavaglia, C; Borgoni, R|
|Data di pubblicazione:||2021|
|Appare nelle tipologie:||01 - Articolo su rivista|