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Firm size diversity, functional richness, and resilience

Environment and Development Economics

By:
, , , , and
DOI: 10.1017/S1355770X06003081

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Abstract

This paper applies recent advances in ecology to our understanding of firm development, sustainability, and economic development. The ecological literature indicates that the greater the functional richness of species in a system, the greater its resilience - that is, its ability to persist in the face of substantial changes in the environment. This paper focuses on the effects of functional richness across firm size on the ability of industries to survive in the face of economic change. Our results indicate that industries with a richness of industrial functions are more resilient to employment volatility. ?? 2006 Cambridge University Press.

Additional Publication Details

Publication type:
Article
Publication Subtype:
Journal Article
Title:
Firm size diversity, functional richness, and resilience
Series title:
Environment and Development Economics
DOI:
10.1017/S1355770X06003081
Volume
11
Issue:
4
Year Published:
2006
Language:
English
Larger Work Type:
Article
Larger Work Subtype:
Journal Article
Larger Work Title:
Environment and Development Economics
First page:
533
Last page:
551
Number of Pages:
19