Hybrid journal (It can contain Open Access articles) ISSN (Print) 1468-2702 - ISSN (Online) 1468-2710 Published by Oxford University Press[396 journals]
Authors:Juhász S; Lengyel B. Pages: 1203 - 1226 Abstract: Knowledge networks are important to understand learning in industry clusters but surprisingly little is known about what drives the formation, persistence and dissolution of ties. Applying stochastic actor-oriented models on longitudinal relational data from a mature cluster in a medium-tech industry, we show that triadic closure and geographical proximity increase the probability of tie creation but does not influence tie persistence. Cognitive proximity is positively correlated to tie persistence but firms create ties to cognitively proximate firms only if they are loosely connected through common third partners. We propose a micro-perspective to understand how endogenous network effects, cognitive proximity of actors and their interplay influence the evolutionary process of network formation in clusters. PubDate: Fri, 08 Dec 2017 00:00:00 GMT DOI: 10.1093/jeg/lbx039 Issue No:Vol. 18, No. 6 (2017)
Authors:Ascani A. Pages: 1227 - 1252 Abstract: This article studies the selection patterns of takeover decisions taken by multinational enterprises (MNEs) by analysing the characteristics of acquisition targets. Drawing on the evolutionary economic geography and the international business literatures, our conceptual framework emphasises key micro-level factors influencing cross-border takeovers, such as the global search of MNEs for novel firm-specific knowledge, their cost-reduction behaviour and the heterogeneity of routines among potential target firms. The mediating role of the technological and the regional institutional contexts of target firms is also considered. Using data on a large sample of European target firms for 1997–2013, our results support a process of selection whereby MNEs acquire underperforming firms that developed valuable organisational and cognitive routines, as a strategy to access novel knowledge bases while reducing the cost of purchasing foreign assets. PubDate: Mon, 23 Oct 2017 00:00:00 GMT DOI: 10.1093/jeg/lbx035 Issue No:Vol. 18, No. 6 (2017)
Authors:Niu B. Pages: 1253 - 1283 Abstract: This paper examines the pattern of retail prices for deposit eligible goods near Michigan’s borders. Michigan’s unique bottle redemption system and lower sales tax generate incentives for various potentially illegal household responses. Such incentives and behavior should be capitalized in the prices of affected goods. I empirically quantify the spatial price effects and find patterns consistent with theoretical predictions. Michigan’s border prices are higher (lower) for goods with higher (lower) per unit costs by up to 38%. Price-distance trends reflect the waning of these effects away from the border. PubDate: Tue, 22 Aug 2017 00:00:00 GMT DOI: 10.1093/jeg/lbx025 Issue No:Vol. 18, No. 6 (2017)
Authors:Basker E; Miranda J. Pages: 1285 - 1313 Abstract: We use Hurricane Katrina’s damage to the Mississippi coast in 2005 as a natural experiment to study business survival in the aftermath of a capital-destruction shock. We find very low survival rates for businesses that incurred physical damage, particularly for small firms and less-productive establishments. Conditional on survival, larger and more-productive businesses that rebuilt their operations hired more workers than their smaller and less-productive counterparts. Auxiliary evidence from the Survey of Business Owners suggests that the differential size effect is tied to the presence of financial constraints, pointing to a socially inefficient level of exits and to distortions of allocative efficiency in response to this negative shock. Over time, the size advantage disappeared and market mechanisms seem to prevail. PubDate: Thu, 24 Aug 2017 00:00:00 GMT DOI: 10.1093/jeg/lbx023 Issue No:Vol. 18, No. 6 (2017)
Authors:Gutiérrez-Romero R; Oviedo M. Pages: 1315 - 1338 Abstract: This article assesses the impact of drug cartels in Mexico, a country that has witnessed an unprecedented expansion of cartels and wave of drug-related violence since mid-2000. Using the difference-in-difference kernel matching method, the article finds that the areas most plagued by drug-related violence suffered a steep decline in production, profits, salaries, the number of businesses and workers in manufacturing. Unemployment and poverty also rose in the most violent areas. The few areas where cartels managed to work free of drug-related killings failed to see a change in poverty or unemployment, contradicting anecdotal storytelling of cartels benefiting local economies. PubDate: Mon, 23 Oct 2017 00:00:00 GMT DOI: 10.1093/jeg/lbx034 Issue No:Vol. 18, No. 6 (2017)
Hybrid journal (It can contain Open Access articles)
[396 journals]
