Agglomeration externalities, industry life cycle and firm survival: evidence from Chinese manufacturing start-ups
研究产业生命周期如何影响集聚外部性对制造业初创企业生存的作用，发现不同阶段专业化、相关多样性和无关多样性的影响不同。
This paper examines the impact of the industrial life cycle on the relationship between agglomeration externalities and the survival of manufacturing start-ups. The empirical study in the Chinese context finds that at the growth and intermediate stages of the industrial life cycle, specialisation and related variety reduce the survival risk of start-ups, whereas unrelated variety does not affect the survival risk. At the mature stage, specialisation and related variety do not affect the survival risk, but unrelated variety reduces the survival risk. This paper enriches the research on the benefits of agglomeration externalities from the perspective of industry evolution.