This paper employs provincial data to study the spatial and intersectoral spill-overs in aggregate failure rates in Spain, by using an Integrated Nested Laplace Approximation. The analysis is based on NUTS3 data over the time span 2005Q1-2013Q4. By speculating on the effects of the Spanish financial crisis, we document empirical evidence of the presence of spatial spill-overs among neighboring counties. Furthermore, some intersectoral spill-overs are also detected: we observe that Industry and Agriculture exhibit a positive impact on the Service sector. These results can be useful to design proper policy rules to better manage the spread of bankruptcies over time and space.

Intersectoral and spatial spill-overs of firms’ bankruptcy in Spain / Serra, Laura; Detotto, Claudio; Juan, Pablo; Vannini, Marco. - In: LETTERS IN SPATIAL AND RESOURCE SCIENCES. - ISSN 1864-4031. - 15:2(2022), pp. 197-211. [10.1007/s12076-021-00296-z]

Intersectoral and spatial spill-overs of firms’ bankruptcy in Spain

Vannini, Marco
2022-01-01

Abstract

This paper employs provincial data to study the spatial and intersectoral spill-overs in aggregate failure rates in Spain, by using an Integrated Nested Laplace Approximation. The analysis is based on NUTS3 data over the time span 2005Q1-2013Q4. By speculating on the effects of the Spanish financial crisis, we document empirical evidence of the presence of spatial spill-overs among neighboring counties. Furthermore, some intersectoral spill-overs are also detected: we observe that Industry and Agriculture exhibit a positive impact on the Service sector. These results can be useful to design proper policy rules to better manage the spread of bankruptcies over time and space.
2022
Intersectoral and spatial spill-overs of firms’ bankruptcy in Spain / Serra, Laura; Detotto, Claudio; Juan, Pablo; Vannini, Marco. - In: LETTERS IN SPATIAL AND RESOURCE SCIENCES. - ISSN 1864-4031. - 15:2(2022), pp. 197-211. [10.1007/s12076-021-00296-z]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/254178
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