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Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 209). The extant literature reports evidence that the economic performance of regions is driven not by the stagnant majority but by a minority of high-growth firms (HGFs), the so-called gazelles. Regional competitiveness depends on firms’ long-term competitiveness, which depends on labor productivity. Cultural tourism plays a crucial role in national and regional policies because it allows to engage local communities in its activities and provides them a source of income. This paper identifies HGFs operating in cultural tourism in 2014–2018 and analyses their labor productivity across Portuguese regions, relating them with the regional competitiveness. The regional distribution of gazelles in Portugal is uneven, with the Lisbon region concentrating 48%; the Northern region is the location of 26%; while the Centre and Alentejo regions capture 13% of gazelles. Results on Pearson correlations between labor productivity and changes on the Regional Competitiveness Index uncover significant negative links between HGFs average labor productivity and changes in regional competitiveness. However, the results suggest that gazelles have significantly contributed to regional competitiveness through productivity, in 2014–2015. Finally, some suggestions on strategies for promoting cultural tourism are presented. info:eu-repo/semantics/publishedVersion |
