The Regional Firm Density and the Growth of Firms in the Portuguese Textile and Clothing Industry
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Universidade de Santiago de Compostela
2024
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| _version_ | 1876444577534050304 |
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| author | Rolando Vaz |
| author_facet | Rolando Vaz |
| contents | The Regional Firm Density and the Growth of Firms in the Portuguese Textile and Clothing Industry Rolando Vaz Economía y Finanzas Firm growth Textile cluster External funding Location effects Portuguese textile industry This paper focuses on the relationship between the regional firm density and the growth of firms in the Portuguese textile and clothing industry to investigate how their geographic clustering influences said growth. Despite the concentration of this industry in the Northern region of Portugal in only four poles, our results show that the location of firms in the cluster is not relevant for growth when the whole industry is considered. However, disaggregate analysis shows that the clothing industry does exhibit both location externalities and cross-location effect, while textile manufacture exhibits neither. In addition, our empirical evidence reveals that the growth of firms located in the cluster is positively correlated with external finance. This result suggests that location becomes a solvency signal for firms, and, specifically, this might help to explain why textile manufacturers firms are located in the cluster. These findings are relevant for entrepreneurs and Portuguese policymakers, as it jeopardizes the optimal allocation of scarce resources in the Portuguese textile cluster. 2024 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39180902001 https://www.redalyc.org/journal/391/39180902001/ https://www.redalyc.org/journal/391/39180902001/html/ https://www.redalyc.org/journal/391/39180902001/39180902001.epub https://www.redalyc.org/journal/391/39180902001/movil 10.15304/rge.33.3.8983 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.3 Vol.33 |
| format | Artículo científico |
| id | redalyc_39180902001 |
| institution | Redalyc |
| language | en |
| publishDate | 2024 |
| publisher | Universidade de Santiago de Compostela |
| spellingShingle | The Regional Firm Density and the Growth of Firms in the Portuguese Textile and Clothing Industry Rolando Vaz Economía y Finanzas Firm growth Textile cluster External funding Location effects Portuguese textile industry The Regional Firm Density and the Growth of Firms in the Portuguese Textile and Clothing Industry Rolando Vaz Economía y Finanzas Firm growth Textile cluster External funding Location effects Portuguese textile industry This paper focuses on the relationship between the regional firm density and the growth of firms in the Portuguese textile and clothing industry to investigate how their geographic clustering influences said growth. Despite the concentration of this industry in the Northern region of Portugal in only four poles, our results show that the location of firms in the cluster is not relevant for growth when the whole industry is considered. However, disaggregate analysis shows that the clothing industry does exhibit both location externalities and cross-location effect, while textile manufacture exhibits neither. In addition, our empirical evidence reveals that the growth of firms located in the cluster is positively correlated with external finance. This result suggests that location becomes a solvency signal for firms, and, specifically, this might help to explain why textile manufacturers firms are located in the cluster. These findings are relevant for entrepreneurs and Portuguese policymakers, as it jeopardizes the optimal allocation of scarce resources in the Portuguese textile cluster. 2024 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39180902001 https://www.redalyc.org/journal/391/39180902001/ https://www.redalyc.org/journal/391/39180902001/html/ https://www.redalyc.org/journal/391/39180902001/39180902001.epub https://www.redalyc.org/journal/391/39180902001/movil 10.15304/rge.33.3.8983 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.3 Vol.33 |
| title | The Regional Firm Density and the Growth of Firms in the Portuguese Textile and Clothing Industry |
| topic | Economía y Finanzas Firm growth Textile cluster External funding Location effects Portuguese textile industry |
| url | https://www.redalyc.org/articulo.oa?id=39180902001 https://www.redalyc.org/journal/391/39180902001/ https://www.redalyc.org/journal/391/39180902001/html/ https://www.redalyc.org/journal/391/39180902001/39180902001.epub https://www.redalyc.org/journal/391/39180902001/movil |