Firm size diversity, functional richness, and resilience
Environment and Development Economics
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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.
| 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 |
| Google Analytic Metrics | Metrics page |