Why Do Rural Firms Live Longer ?

  • Li Yu Peter F. Orazem Robert Jolly
  • Published 2009


Rural firms have a higher survival rate than urban firms. Over the first 13 years after firm entry, the hazard rate for firm exits is persistently higher for urban firms. While differences in firm attributes explain some of the rural-urban gap in firm survival, rural firms retain a survival advantage 18.5% greater than observationally equivalent urban firms… (More)

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