Agents of Structural Change: The Role of Firms and Entrepreneurs in Regional Diversification
| Autor: | Neffke, Frank, Hartog, Matté, Boschma, Ron, Henning, Martin, Section Economic Urban Transitions, Economic Urban Transitions |
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| Rok vydání: | 2017 |
| Předmět: |
relatedness
Economics and Econometrics Entrepreneurship diversification Geography Planning and Development Subsidiary 0211 other engineering and technologies 02 engineering and technology entrepreneurship Diversification (marketing strategy) 0502 economics and business Resource-based view regions Industrial organization Planning and Development Geography 05 social sciences Novelty 021107 urban & regional planning capability base resource-based view structural change Structural change Local economy 8. Economic growth Business Economic system 050203 business & management |
| Zdroj: | Economic Geography, 94(1), 23. Routledge |
| ISSN: | 1944-8287 0013-0095 |
| DOI: | 10.1080/00130095.2017.1391691 |
| Popis: | Who introduces structural change in regional economies: Entrepreneurs or existing firms? And do local or nonlocal establishment founders create most novelty in a region? We develop a theoretical framework that focuses on the roles different agents play in regional transformation. We then apply this framework, using Swedish matched employer–employee data, to determine how novel the activities of new establishments are to a region. Incumbents mainly reinforce a region’s current specialization: incumbent’s growth, decline, and industry switching further align them with the rest of the local economy. The unrelated diversification required for structural change mostly originates via new establishments, especially via those with nonlocal roots. Interestingly, although entrepreneurs often introduce novel activities to a local economy, when they do so, their ventures have higher failure rates compared to new subsidiaries of existing firms. Consequently, new subsidiaries manage to create longer-lasting change in regions. |
| Databáze: | OpenAIRE |
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