Spillovers and the growth of local industries

In this paper we investigate the nature and directions of inter-industry dynamic linkages across Italian manufacturing sectors. We perform a very disaggregated analysis in order to identify, for each 3-digit industry, which composition of industrial activity is more conducive to growth. We find that...

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Bibliographic Details
Published in:The Journal of industrial economics 2002-06, Vol.50 (2), p.151-171
Main Authors: Forni, Mario, Paba, Sergio
Format: Article
Language:English
Subjects:
Economic theory
Employment
Growth industries
High technology industries
Industrial economics
Industrial growth
Industrial sectors
Input output
Manufacturing
Manufacturing industries
Metals industries
Publishing industry
Studies
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Summary:In this paper we investigate the nature and directions of inter-industry dynamic linkages across Italian manufacturing sectors. We perform a very disaggregated analysis in order to identify, for each 3-digit industry, which composition of industrial activity is more conducive to growth. We find that diversity matters for growth, but each industry needs its own diversity. We provide some evidence of clustering of industries based on dynamic externalities. We find that many spillovers occur within input-output relationships. They often originate in down-stream sectors favouring the growth of upstream industries. Lastly, the importance of spillovers does not depend on the technological intensity of the industry.
ISSN:0022-1821
1467-6451
DOI:10.1111/1467-6451.00172