Assessment of regions using an index for a location’s attractiveness for business development
| Autor: | Ineta Zykiene, Jurgita Bruneckiene, Daiva Burksaitiene, Vytautas Snieška |
|---|---|
| Přispěvatelé: | „Taylor&Francis' grupė |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Attractiveness
Economics and Econometrics Index (economics) business establishment Regionai ir regioninė politika / Regions and regional policy attractiveness for business development new business establishment smartness approach institutional approach regions Naujo verslo steigimas Economic growth development planning Business development Attractiveness for business development Regional economics. Space in economics Lietuva (Lithuania) Institucinis požiūris Sumanumo požiūris Marketing Institutional approach Patrauklumas verslo plėtrai Regions Smartness approach HT388 HD72-88 Business Nauja verslo įstaiga Protingumo metodas |
| Zdroj: | Economic research-Ekonomska istraživanja Volume 34 Issue 1 Ekonomska Istraživanja, Vol 34, Iss 1, Pp 1366-1384 (2021) Economic Research [Ekonomska istraživanja]. 2020, vol. 33, no. 1, 1 pdf (19 p.). |
| ISSN: | 1331-677X 1848-9664 |
| DOI: | 10.1080/1331677x.2020.1825106 |
| Popis: | A system of 36 regional-level indicators is selected to create a new index measuring a location’s attractiveness for business development (the LA-index), on the criteria of intelligence, networking and infrastructure, sustainability, digitalisation, learning, agility, innovativeness and knowledge. Business establishment is defined by nine indicators. Overall, the research data include 5,170 observations. The methodology presented is suitable for assessing the attractiveness of any region if the necessary data are available. We use correlation analysis and the Granger causality test to analyse the impact of business attractiveness on the establishment of new businesses. The main findings reveal that attractiveness for business development has a positive impact on the establishment of new businesses, but the determinants and time lags of this impact vary depending on the level of economic development of the region. The paper contributes to the regional economic development literature by exploring the concept of a location’s attractiveness using the smartness approach, and by discovering the time lags of the impact of this on the establishment of new businesses. The paper provides original empirical evidence, which helps policy makers to develop more accurate strategies and decision-making process based on smartness determinants and delayed effect (impact over time). |
| Databáze: | OpenAIRE |
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