Intersectoral and spatial spill-overs of firms’ bankruptcy in Spain
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AbstractThis 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.
2019 ◽
Vol 8
(11)
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pp. 2673-2681
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2019 ◽
Vol 11
(2)
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pp. 155
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2000 ◽
Vol 27
(2)
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pp. 177-198
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