Friends or Foes: The Spatial Dynamic between Established Firms and Entrants.

摘要

State and municipal economic development agencies are increasingly designing policies to nurture and support home-grown businesses to achieve their growth objectives. This research explores the impact on established firms of new local entrants. It evaluates the competing views that new firms increase competition and thus hurt existing firms and, on the other hand, that new entrants provide positive spillover effects that benefit everyone, including existing firms.