000			03915cam a22004577 4500
001			w24868
003			NBER
005			20211020104448.0
006			m o d
007			cr cnu||||||||
008			210910s2018 mau fo 000 0 eng d
100	1		_aFigueroa, C. Jara.
245	1	4	_aThe Role of Industry, Occupation, and Location-Specific Knowledge in the Survival of New Firms / _cC. Jara Figueroa, Bogang Jun, Edward L. Glaeser, César Hidalgo.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2018.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w24868
500			_aJuly 2018.
520	3		_aHow do regions acquire the knowledge they need to diversify their economic activities? How does the migration of workers among firms and industries contribute to the diffusion of that knowledge? Here we measure the industry, occupation, and location specific knowledge carried by workers from one establishment to the next using a dataset summarizing the individual work history for an entire country. We study pioneer firms-firms operating in an industry that was not present in a region-because the success of pioneers is the basic unit of regional economic diversification. We find that the growth and survival of pioneers increase significantly when their first hires are workers with experience in a related industry, and with work experience in the same location, but not with past experience in a related occupation. We compare these results with new firms that are not pioneers and find that industry specific knowledge is significantly more important for pioneer than non-pioneer firms. To address endogeneity we use Bartik instruments, which leverage national fluctuations in the demand for an activity as shocks for local labor supply. The instrumental variable estimates support the finding that industry related knowledge is a predictor of the survival and growth of pioneer firms. These findings expand our understanding of the micro-mechanisms underlying regional economic diversification events.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aD22 - Firm Behavior: Empirical Analysis _2Journal of Economic Literature class.
690		7	_aJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity _2Journal of Economic Literature class.
690		7	_aN1 - Macroeconomics and Monetary Economics • Industrial Structure • Growth • Fluctuations _2Journal of Economic Literature class.
690		7	_aN16 - Latin America • Caribbean _2Journal of Economic Literature class.
690		7	_aO1 - Economic Development _2Journal of Economic Literature class.
690		7	_aO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology _2Journal of Economic Literature class.
690		7	_aO15 - Human Resources • Human Development • Income Distribution • Migration _2Journal of Economic Literature class.
690		7	_aO5 - Economywide Country Studies _2Journal of Economic Literature class.
690		7	_aO54 - Latin America • Caribbean _2Journal of Economic Literature class.
690		7	_aR12 - Size and Spatial Distributions of Regional Economic Activity _2Journal of Economic Literature class.
700	1		_aJun, Bogang.
700	1		_aGlaeser, Edward L. _911455
700	1		_aHidalgo, César.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w24868.
856	4	0	_uhttps://www.nber.org/papers/w24868
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w24868
942			_2ddc _cW-PAPER
999			_c323254 _d281816