Spatially correlated exit strategies in the baking industry

This article uses a unique data set to analyse economic factors that explain firm exit and the interrelation across firms in space when exiting. Results show the effectiveness of modelling spatial correlation in a logit exit model. Indeed, in our application, reliable statistical results could only...

Full description

Autores:: Sarmiento, Camilo
Wilson, William W.

Tipo de recurso:: Article of journal

Fecha de publicación:: 2007

Institución:: Escuela Colombiana de Ingeniería Julio Garavito

Repositorio:: Repositorio Institucional ECI

Idioma:: eng

id	ESCUELAIG2_411ef8a9203115fa30015f9e725605ba
oai_identifier_str	oai:repositorio.escuelaing.edu.co:001/2775
network_acronym_str	ESCUELAIG2
network_name_str	Repositorio Institucional ECI
repository_id_str
dc.title.eng.fl_str_mv	Spatially correlated exit strategies in the baking industry
title	Spatially correlated exit strategies in the baking industry
spellingShingle	Spatially correlated exit strategies in the baking industry Economía - Estados Unidos Industrias agrícolas - Estados Unidos Industrialización - Estados Unidos Análisis económico - Estados Unidos Economy - United States Agricultural Industries - United States Industrialization - United States Economic Analysis - United States
title_short	Spatially correlated exit strategies in the baking industry
title_full	Spatially correlated exit strategies in the baking industry
title_fullStr	Spatially correlated exit strategies in the baking industry
title_full_unstemmed	Spatially correlated exit strategies in the baking industry
title_sort	Spatially correlated exit strategies in the baking industry
dc.creator.fl_str_mv	Sarmiento, Camilo Wilson, William W.
dc.contributor.author.none.fl_str_mv	Sarmiento, Camilo Wilson, William W.
dc.contributor.researchgroup.spa.fl_str_mv	Centro de Estudios Económicos
dc.subject.armarc.none.fl_str_mv	Economía - Estados Unidos Industrias agrícolas - Estados Unidos Industrialización - Estados Unidos Análisis económico - Estados Unidos Economy - United States Agricultural Industries - United States Industrialization - United States Economic Analysis - United States
topic	Economía - Estados Unidos Industrias agrícolas - Estados Unidos Industrialización - Estados Unidos Análisis económico - Estados Unidos Economy - United States Agricultural Industries - United States Industrialization - United States Economic Analysis - United States
description	This article uses a unique data set to analyse economic factors that explain firm exit and the interrelation across firms in space when exiting. Results show the effectiveness of modelling spatial correlation in a logit exit model. Indeed, in our application, reliable statistical results could only be drawn from our data when including spatial correlation in the model.
publishDate	2007
dc.date.issued.none.fl_str_mv	2007
dc.date.accessioned.none.fl_str_mv	2024-01-17T14:33:52Z
dc.date.available.none.fl_str_mv	2024-01-17T14:33:52Z
dc.type.spa.fl_str_mv	Artículo de revista
dc.type.coar.fl_str_mv	http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.version.spa.fl_str_mv	info:eu-repo/semantics/publishedVersion
dc.type.coar.spa.fl_str_mv	http://purl.org/coar/resource_type/c_6501
dc.type.content.spa.fl_str_mv	Text
dc.type.driver.spa.fl_str_mv	info:eu-repo/semantics/article
format	http://purl.org/coar/resource_type/c_6501
status_str	publishedVersion
dc.identifier.issn.spa.fl_str_mv	0003–6846
dc.identifier.uri.none.fl_str_mv	https://repositorio.escuelaing.edu.co/handle/001/2775
dc.identifier.eissn.spa.fl_str_mv	1466–4283
dc.identifier.instname.spa.fl_str_mv	Escuela Colombiana de Ingeniería Julio Garavito
dc.identifier.reponame.spa.fl_str_mv	Repositorio Digital
dc.identifier.repourl.spa.fl_str_mv	https://repositorio.escuelaing.edu.co/
identifier_str_mv	0003–6846 1466–4283 Escuela Colombiana de Ingeniería Julio Garavito Repositorio Digital
url	https://repositorio.escuelaing.edu.co/handle/001/2775 https://repositorio.escuelaing.edu.co/
dc.language.iso.spa.fl_str_mv	eng
language	eng
dc.relation.citationedition.spa.fl_str_mv	No. 4 Vol. 39 de 2007
dc.relation.citationendpage.spa.fl_str_mv	448
dc.relation.citationissue.spa.fl_str_mv	4
dc.relation.citationstartpage.spa.fl_str_mv	441
dc.relation.citationvolume.spa.fl_str_mv	39
dc.relation.ispartofjournal.eng.fl_str_mv	Applied Economics Applied Economics
dc.relation.references.spa.fl_str_mv	Agarwal, R. and Gort, M. (1996) The evolution of markets and entry, exit and survival of firms, Review of Economics and Statistics, 78, 489–98. Anderson, D. W., Murray, B. C., Teague, J. L. and Lindroth, R. C. (1998) Exit from the meatpacking industry: a microdata analysis, American Journal of Agricultural Economics, 80, 96–106 Besanko, D., Dranove, D. and Shanley, M. (1996) Economics of Strategy, John Wiley & Sons, Inc, New York. Cahners Publishing Co. (1998) Bakery Production and Marketing: Red Book, Cahners Publishing Co., Des Plaines, IL. Dubin, R. (1995) Estimating logit models with spatial dependence, New Directions in Spatial Econometrics, Springer-Verlag, Berlin Heidelberg, New York Feser, E. J. (2001) A flexible test for agglomeration economies in two US manufacturing industries, Regional Science and Urban Economics, 31, 1–19. Florkowski, W. and Sarmiento, C. (2005) The examination of pecan price differences with spatial correlation estimation, Applied Economics, 37, 271–8. Greenhut, M. L., Norman, G. and Hung, C.-S. (1987) The Economics of Imperfect Competition: A Spatial Approach, Cambridge University Press, Cambridge, MA Harris, R. S., Stewart, J. F., Guilkey, D. K. and Carleton, W. T. (1982) Characteristics of acquired rirms: fixed and random coefficient probit analysis, Southern Economic Journal, 49, 164–84. Lieberman, M. B. (1987) Excess capacity as a barrier to entry: an empirical appraisal, Journal of Industrial Economics, 35, 607–27. Lieberman, M. B. (1990) Exit from declining industries: ‘Shakeout’ or ‘Stakeout’?, RAND Journal of Economics, 21, 538–54 Moomaw, R. L. (1998) Agglomeration economies: Localization or urbanization?, Urban Studies, 25, 150–61. Sarmiento, C. (2004) Modelling firm heterogeneity with spatial ‘trends’, Applied Economic Letters, 11, 271–4. Sarmiento, C. (2005) A mean squared error estimator of market size in hedonic price analysis, Applied Economic Letters, 12, 355–9. Sarmiento, C. and Wilson, W. (2005) Spatial modelling in technology adoption decisions: the case of shuttle train elevators, American Journal of Agricultural Economics, 87, 1033–44 Schary, M. A. (1991) The probability of exit, RAND Journal of Economics, 22, 339–53. Sosland Publishing Staffs (1998) Baking/Snack Directory & Buyer’s Guide, Sosland Publishing Company, Kansas City, MO.
dc.rights.coar.fl_str_mv	http://purl.org/coar/access_right/c_abf2
dc.rights.accessrights.spa.fl_str_mv	info:eu-repo/semantics/openAccess
eu_rights_str_mv	openAccess
rights_invalid_str_mv	http://purl.org/coar/access_right/c_abf2
dc.format.extent.spa.fl_str_mv	9 páginas
dc.format.mimetype.spa.fl_str_mv	application/pdf
dc.publisher.spa.fl_str_mv	Taylor and Francis Group
dc.publisher.place.spa.fl_str_mv	Estados Unidos
dc.source.spa.fl_str_mv	https://www.tandfonline.com/
institution	Escuela Colombiana de Ingeniería Julio Garavito
bitstream.url.fl_str_mv	https://repositorio.escuelaing.edu.co/bitstream/001/2775/5/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf.txt https://repositorio.escuelaing.edu.co/bitstream/001/2775/4/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf https://repositorio.escuelaing.edu.co/bitstream/001/2775/3/Portada%20spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry.JPG https://repositorio.escuelaing.edu.co/bitstream/001/2775/6/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf.jpg https://repositorio.escuelaing.edu.co/bitstream/001/2775/2/license.txt
bitstream.checksum.fl_str_mv	f7b12287c7fec041424e974145a8b069 879c4d971bfc57588f8b3db94d7dd740 1f93b084808b504af7e1a8fd69b95ab6 18298a37f156e2b6ffe1796a1c3a8659 5a7ca94c2e5326ee169f979d71d0f06e
bitstream.checksumAlgorithm.fl_str_mv	MD5 MD5 MD5 MD5 MD5
repository.name.fl_str_mv	Repositorio Escuela Colombiana de Ingeniería Julio Garavito
repository.mail.fl_str_mv	repositorio.eci@escuelaing.edu.co
_version_	1814355613666246656
spelling	Sarmiento, Camiloa48a67bcfacaaa8d4773d8fd3f6d85acWilson, William W.ff9c70755839669e1eac551bf07e75d3Centro de Estudios Económicos2024-01-17T14:33:52Z2024-01-17T14:33:52Z20070003–6846https://repositorio.escuelaing.edu.co/handle/001/27751466–4283Escuela Colombiana de Ingeniería Julio GaravitoRepositorio Digitalhttps://repositorio.escuelaing.edu.co/This article uses a unique data set to analyse economic factors that explain firm exit and the interrelation across firms in space when exiting. Results show the effectiveness of modelling spatial correlation in a logit exit model. Indeed, in our application, reliable statistical results could only be drawn from our data when including spatial correlation in the model.Este artículo utiliza un conjunto de datos único para analizar los factores económicos que explican la salida de empresas y la interrelación entre empresas en el espacio al salir. Los resultados muestran la efectividad de modelar la correlación espacial en un modelo de salida logit. De hecho, en nuestra aplicación, solo se pudieron obtener resultados estadísticos confiables a partir de nuestros datos cuando se incluía la correlación espacial en el modelo.9 páginasapplication/pdfengTaylor and Francis GroupEstados Unidoshttps://www.tandfonline.com/Spatially correlated exit strategies in the baking industryArtículo de revistainfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a85No. 4 Vol. 39 de 2007448444139Applied EconomicsApplied EconomicsAgarwal, R. and Gort, M. (1996) The evolution of markets and entry, exit and survival of firms, Review of Economics and Statistics, 78, 489–98.Anderson, D. W., Murray, B. C., Teague, J. L. and Lindroth, R. C. (1998) Exit from the meatpacking industry: a microdata analysis, American Journal of Agricultural Economics, 80, 96–106Besanko, D., Dranove, D. and Shanley, M. (1996) Economics of Strategy, John Wiley & Sons, Inc, New York.Cahners Publishing Co. (1998) Bakery Production and Marketing: Red Book, Cahners Publishing Co., Des Plaines, IL.Dubin, R. (1995) Estimating logit models with spatial dependence, New Directions in Spatial Econometrics, Springer-Verlag, Berlin Heidelberg, New YorkFeser, E. J. (2001) A flexible test for agglomeration economies in two US manufacturing industries, Regional Science and Urban Economics, 31, 1–19.Florkowski, W. and Sarmiento, C. (2005) The examination of pecan price differences with spatial correlation estimation, Applied Economics, 37, 271–8.Greenhut, M. L., Norman, G. and Hung, C.-S. (1987) The Economics of Imperfect Competition: A Spatial Approach, Cambridge University Press, Cambridge, MAHarris, R. S., Stewart, J. F., Guilkey, D. K. and Carleton, W. T. (1982) Characteristics of acquired rirms: fixed and random coefficient probit analysis, Southern Economic Journal, 49, 164–84.Lieberman, M. B. (1987) Excess capacity as a barrier to entry: an empirical appraisal, Journal of Industrial Economics, 35, 607–27.Lieberman, M. B. (1990) Exit from declining industries: ‘Shakeout’ or ‘Stakeout’?, RAND Journal of Economics, 21, 538–54Moomaw, R. L. (1998) Agglomeration economies: Localization or urbanization?, Urban Studies, 25, 150–61.Sarmiento, C. (2004) Modelling firm heterogeneity with spatial ‘trends’, Applied Economic Letters, 11, 271–4.Sarmiento, C. (2005) A mean squared error estimator of market size in hedonic price analysis, Applied Economic Letters, 12, 355–9.Sarmiento, C. and Wilson, W. (2005) Spatial modelling in technology adoption decisions: the case of shuttle train elevators, American Journal of Agricultural Economics, 87, 1033–44Schary, M. A. (1991) The probability of exit, RAND Journal of Economics, 22, 339–53.Sosland Publishing Staffs (1998) Baking/Snack Directory & Buyer’s Guide, Sosland Publishing Company, Kansas City, MO.info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Economía - Estados UnidosIndustrias agrícolas - Estados UnidosIndustrialización - Estados UnidosAnálisis económico - Estados UnidosEconomy - United StatesAgricultural Industries - United StatesIndustrialization - United StatesEconomic Analysis - United StatesTEXTSpatially correlated exit strategies in the baking industry_organized.pdf.txtSpatially correlated exit strategies in the baking industry_organized.pdf.txtExtracted texttext/plain30749https://repositorio.escuelaing.edu.co/bitstream/001/2775/5/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf.txtf7b12287c7fec041424e974145a8b069MD55open accessORIGINALSpatially correlated exit strategies in the baking industry_organized.pdfSpatially correlated exit strategies in the baking industry_organized.pdfapplication/pdf488458https://repositorio.escuelaing.edu.co/bitstream/001/2775/4/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf879c4d971bfc57588f8b3db94d7dd740MD54open accessTHUMBNAILPortada spatially correlated exit strategies in the baking industry.JPGPortada spatially correlated exit strategies in the baking industry.JPGimage/jpeg160472https://repositorio.escuelaing.edu.co/bitstream/001/2775/3/Portada%20spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry.JPG1f93b084808b504af7e1a8fd69b95ab6MD53open accessSpatially correlated exit strategies in the baking industry_organized.pdf.jpgSpatially correlated exit strategies in the baking industry_organized.pdf.jpgGenerated Thumbnailimage/jpeg14088https://repositorio.escuelaing.edu.co/bitstream/001/2775/6/Spatially%20correlated%20exit%20strategies%20in%20the%20baking%20industry_organized.pdf.jpg18298a37f156e2b6ffe1796a1c3a8659MD56open accessLICENSElicense.txtlicense.txttext/plain; charset=utf-81881https://repositorio.escuelaing.edu.co/bitstream/001/2775/2/license.txt5a7ca94c2e5326ee169f979d71d0f06eMD52metadata only access001/2775oai:repositorio.escuelaing.edu.co:001/27752024-07-28 03:01:25.087open accessRepositorio Escuela Colombiana de Ingeniería Julio Garavitorepositorio.eci@escuelaing.edu.co

Spatially correlated exit strategies in the baking industry

Publicaciones similares