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Firm size diversity, functional richness, and resilience

Author

Listed:
  • GARMESTANI, AHJOND S.
  • ALLEN, CRAIG R.
  • MITTELSTAEDT, JOHN D.
  • STOW, CRAIG A.
  • WARD, WILLIAM A.

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.

Suggested Citation

  • Garmestani, Ahjond S. & Allen, Craig R. & Mittelstaedt, John D. & Stow, Craig A. & Ward, William A., 2006. "Firm size diversity, functional richness, and resilience," Environment and Development Economics, Cambridge University Press, vol. 11(4), pages 533-551, August.
    • Handle: RePEc:cup:endeec:v:11:y:2006:i:04:p:533-551_00
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    Citations

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    Cited by:

    1. Quaranta Giovanni & Salvia Rosanna, 2014. "An Index to Measure Rural Diversity in the Light of Rural Resilience and Rural Development Debate," European Countryside, Sciendo, vol. 6(2), pages 161-178, June.
    2. Shana M. Sundstrom & David G. Angeler & Ahjond S. Garmestani & Jorge H. García & Craig R. Allen, 2014. "Transdisciplinary Application of Cross-Scale Resilience," Sustainability, MDPI, vol. 6(10), pages 1-24, October.
    3. Adah-Kole Emmanuel Onjewu & Sundas Hussain & Mohamed Yacine Haddoud, 2022. "The Interplay of E-commerce, Resilience and Exports in the Context of COVID-19," Information Systems Frontiers, Springer, vol. 24(4), pages 1209-1221, August.
    4. Shana M. Sundstrom & Craig R. Allen & David G. Angeler, 2020. "Scaling and discontinuities in the global economy," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 319-345, April.
    5. Saheum Hong & Yu Xiao, 2016. "The Influence of Multiple Specializations on Economic Performance in U.S. Metropolitan Areas," Sustainability, MDPI, vol. 8(9), pages 1-16, September.
    6. Kathleen Sherrieb & Fran Norris & Sandro Galea, 2010. "Measuring Capacities for Community Resilience," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 99(2), pages 227-247, November.
    7. Aurélie Lalanne & Shana Sundstrom & Ahjond Garmestani, 2023. "Discontinuous structure of regional and subregional urban systems: Nouvelle-Aquitaine, France (1800–2015)," Urban Studies, Urban Studies Journal Limited, vol. 60(5), pages 869-884, April.
    8. Parsonson-Ensor, Chris & Saunders, Caroline M., 2011. "Exploratory Research into the Resilience of Farming Systems during Periods of Hardship," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115511, New Zealand Agricultural and Resource Economics Society.
    9. Hyun Kim & David Marcouiller, 2015. "Considering disaster vulnerability and resiliency: the case of hurricane effects on tourism-based economies," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 945-971, May.
    10. Zizi Goschin, 2020. "What makes new firms resilient? A spatial analysis for Romania," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 913-930, October.

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