The Decline of Small Cities: Increased Competition from External Shopping Malls or Long-Term Negative Trends?

Arbeitspapier

We use the entry of 17 external shopping malls in Sweden to investigate how they have affected the performance of incumbent firms located in the city centres of small cities. We find that entry by external shopping malls decreased labour productivity for incumbent firms in city centres by -5.31%. However, when using time-specific fixed effects to control for common time trends in retailing in small cities, the impact on labour productivity, revenues, and number of employees due to the entry of external shopping malls becomes insignificant. The negative impact on incumbent firms is thus not due to the entry of external shopping malls but rather due to long-term negative economic trends in these cities.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: HFI Working Paper ; No. 10

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Firm Behavior: Empirical Analysis ; Firm Performance: Size, Diversification, and Scope ; Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics ; Size and Spatial Distributions of Regional Economic Activity
• Thema: external shopping malls ; city centre ; firm performance ; agglomeration economies ; competition ; difference-in-differences

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Daunfeldt, Sven-Olov ; Mihaescu, Oana ; Rudholm, Niklas
• Ereignis: Veröffentlichung
• (wer): Institute of Retail Economics (HFI)
• (wo): Stockholm
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/246764
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ