On the spatial stickiness of UK new firm formation rates

By Georgios Fotopoulos. 2014

126 citations recorded by the source corpus.

This research explores persistence of new firm formation at the UK NUTS II level for the 1994–2007 period. The results obtained herewith suggest that interregional differences in new firm formation and their determinants are time persistent. The evidence produced shows that past new firm formation rates determine future ones and that, depending on the econometric specification, human capital, local industry structure, sources of external economies and local economic conditions and wealth are significant determinants. The analysis of new firm formation distribution dynamics suggests that whatever changes may arise in the external shape of distribution are not significant and intra-distribution mobility is limited.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7508a15c37b2778206ffbd4908327c713134cfa3

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In Economics and Econometrics

Citations in the corpus

Local entrepreneurial resilience and culture: the role of social values in fostering economic recovery (2015, methodology): “Nonsexual violent crimes include: wounding endangering life; and robbery. iv The industrial diversity measure drawn from Fotopoulos (2014) is based on Theil’s (1972) diversity entropy measure: ( ) ( )∑= i lilllil ppppH ln Where pli is the proportion of all employment in Britain found in industry i…”
Entrepreneurship in a Regional Context: Historical Roots, Recent Developments and Future Challenges (2014, background): “…regional entrepreneurship over time The long-term persistence of regional levels and structures of self-employment and new business formation has been documented in several recent papers (FRITSCH and MUELLER, 2007; ANDERSSON and KOSTER, 2011; FOTOPOULOS, 2013; FRITSCH and WYRWICH, in this issue).”
Industry structure, entrepreneurship, and culture: An empirical analysis using historical coalfields (2016, background): “Other researchers have studied the persistence of regional differences in entrepreneurial activities over time, which can be interpreted as indirect evidence for the presence of an entrepreneurship culture (e.g., Andersson and Koster, 2011; Fotopoulos, 2014; Fritsch and Wyrwich, 2014; Mueller et al.”