Michael Fritsch (Freiberg), Udo Brixy (Nürnberg), Michae Niese (Hamburg), Anne Otto (Hannover)
New firm formation in cities
Pages 182 - 195

In this article the specifics of new firm formation in cities are anallyzed
empirically. Start-up rates in urban agglomerations areas are relatively high. Even if one controls for the effect of industry structure density is conducive for the level of new firm formation. However, survival rates of new firms in cities tend to be relatively low. Therefore, cities are
characterized by high intensity of market selection leading to high turbulence of the stock of businesses. Does this imply an advantage of cities over other types of region?


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