The Dynamics of New Firm Formation

by Vinod Sutaria

Overview

This title was first published in 2001. The dynamics of New Firm Formation (NFF) are central to the phenomenon of economic growth and development. While the economic importance of NFF has been recognized, the mechanisms that drive NFF are not well documented or understood. Illustrated by an in-depth case study from Texas, this volume analyzes the relationships between NFF and its localized context. Using specially-formulated fixed-effects regression models, the study brings about controversial new findings. These provide a counterpoint to the neoclassical theory that there is an adversarial relationship between small and large firms by instead suggesting that the relationship is more of a symbiotic one. Furthermore, it suggests that deep churning - the turnover and replacement in a business base - is a key factor in understanding the forces shaping regional economies.

Product Details

ISBN-13:	9781138637153
Publisher:	Taylor & Francis
Publication date:	11/02/2017
Series:	Routledge Revivals
Pages:	108
Product dimensions:	5.94(w) x 8.50(h) x (d)

Table of Contents

Contents: Introduction; Theoretical background and empirical evidence; Research design and model development; Determinants of new firm formation; Summary and policy implications; Appendices; Bibliography; Index.

Editorial Reviews

’This is an important study of new firm formation, with considerable implications for economic growth and development. Innovative features include accounting for regional differences as well as identifying factors affecting new firm formation as against those with no effect.’ Professor Irving Hoch, University of Texas, USA 'Sutaria has put much work into this research, which certainly I would congratulate.' Australasian Journal of Regional Studies

From the Publisher

Offering economic analysis rather that business advice, Sutaria (U. of Texas-Dallas) explores the dynamics of forming new firms that are central to the phenomenon of economic growth and development. The importance of the first to the second, he says, is widely recognized, but the mechanisms that drive such formation has received scant attention. In particular he explores regional factors as determinants of the formation for the Texas manufacturing sector for the years 1976-91, using 27 metropolitan areas to demonstrate variation in formations over time and space. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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