Yu, Li; Orazem, Peter; Jolly, Robert W. - Department of Economics, Iowa State University - 2009
For the first 13 years after entry, the hazard rate for firm exits is persistently higher for urban than rural firms …. While differences in observed industry market, local market and firm attributes explain some of the rural-urban gap in firm … survival, rural firms retain a survival advantage 25% greater than observationally equivalent urban firms. In competitive …