IDEAS home Printed from https://ideas.repec.org/p/hhs/lucirc/2023_008.html
   My bibliography  Save this paper

The Productivity Effects of Regional Anchors on Local Firms in Swedish Regions between 2007 and 2019 – Evidence from an Expert-informed Machine-Learning Approach

Author

Listed:
  • Nilsson, Magnus

    (CIRCLE, Lund University)

  • Schubert, Torben

    (CIRCLE, Lund University)

  • Miörner, Johan

    (CIRCLE, Lund University)

Abstract

This paper analyses the impact of regional anchors on local firms in Swedish regions. Departing from previous idiographic research, we adopt a nomothetic research design relying on a stepwise expert-informed supervised machine learning approach to identify the population of anchor firms in the Swedish economy between 2007 and 2019. We find support for positive anchor effects on the productivity of other firms in the region. These effects are moderated by regional and anchor conditions. We find that the effects are greater when there are multiple anchors within the same industry and that the effects are larger in economically weaker regions.

Suggested Citation

  • Nilsson, Magnus & Schubert, Torben & Miörner, Johan, 2023. "The Productivity Effects of Regional Anchors on Local Firms in Swedish Regions between 2007 and 2019 – Evidence from an Expert-informed Machine-Learning Approach," Papers in Innovation Studies 2023/8, Lund University, CIRCLE - Centre for Innovation Research.
  • Handle: RePEc:hhs:lucirc:2023_008
    as

    Download full text from publisher

    File URL: http://wp.circle.lu.se/upload/CIRCLE/workingpapers/202308_nilsson.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Helen Lawton Smith & Sharmistha Bagchi-Sen & Laurel Edmunds, 2016. "Innovation capacity in the healthcare sector and historical anchors: examples from the UK, Switzerland and the US," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1420-1439, December.
    2. Christian Binz & Bernhard Truffer & Lars Coenen, 2016. "Path Creation as a Process of Resource Alignment and Anchoring: Industry Formation for On-Site Water Recycling in Beijing," Economic Geography, Taylor & Francis Journals, vol. 92(2), pages 172-200, April.
    3. Riccardo Crescenzi & Arnaud Dyèvre & Frank Neffke, 2022. "Innovation Catalysts: How Multinationals Reshape the Global Geography of Innovation," Economic Geography, Taylor & Francis Journals, vol. 98(3), pages 199-227, May.
    4. Jeroen Content & Koen Frenken, 2016. "Related variety and economic development: a literature review," European Planning Studies, Taylor & Francis Journals, vol. 24(12), pages 2097-2112, December.
    5. Ron A. Boschma & Koen Frenken, 2006. "Why is economic geography not an evolutionary science? Towards an evolutionary economic geography," Journal of Economic Geography, Oxford University Press, vol. 6(3), pages 273-302, June.
    6. Mercedes Delgado & Michael E. Porter & Scott Stern, 2010. "Clusters and entrepreneurship," Journal of Economic Geography, Oxford University Press, vol. 10(4), pages 495-518, July.
    7. Alessandra Colombelli & Emilio Paolucci & Elisa Ughetto, 2019. "Hierarchical and relational governance and the life cycle of entrepreneurial ecosystems," Small Business Economics, Springer, vol. 52(2), pages 505-521, February.
    8. Frank Neffke & Martin Henning & Ron Boschma, 2011. "How Do Regions Diversify over Time? Industry Relatedness and the Development of New Growth Paths in Regions," Economic Geography, Clark University, vol. 87(3), pages 237-265, July.
    9. Mika Maliranta & Pierre Mohnen & Petri Rouvinen, 2009. "Is inter-firm labor mobility a channel of knowledge spillovers? Evidence from a linked employer--employee panel," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 18(6), pages 1161-1191, December.
    10. Henderson, J. Vernon, 2003. "Marshall's scale economies," Journal of Urban Economics, Elsevier, vol. 53(1), pages 1-28, January.
    11. Dean H. Gatzlaff & G. Stacy Sirmans & Barry A. Diskin, 1994. "The Effect of Anchor Tenant Loss on Shopping Center Rents," Journal of Real Estate Research, American Real Estate Society, vol. 9(1), pages 99-110.
    12. Christoph Alsleben, 2005. "The Downside of Knowledge Spillovers: An Explanation for the Dispersion of High-tech Industries," Journal of Economics, Springer, vol. 84(3), pages 217-248, May.
    13. Markus Grillitsch & Magnus Nilsson, 2019. "Knowledge externalities and firm heterogeneity: Effects on high and low growth firms," Papers in Regional Science, Wiley Blackwell, vol. 98(1), pages 93-114, February.
    14. Danny MacKinnon & Stuart Dawley & Andy Pike & Andrew Cumbers, 2019. "Rethinking Path Creation: A Geographical Political Economy Approach," Economic Geography, Taylor & Francis Journals, vol. 95(2), pages 113-135, March.
    15. Andrea Caragliu & Laura de Dominicis & Henri L.F. de Groot, 2016. "Both Marshall and Jacobs were Right!," Economic Geography, Taylor & Francis Journals, vol. 92(1), pages 87-111, January.
    16. Christos Dimos & Felicia M. Fai & Philip R. Tomlinson, 2021. "The attractiveness of university and corporate anchor tenants in the conception of a new cluster," Regional Studies, Taylor & Francis Journals, vol. 55(8), pages 1473-1486, August.
    17. Jorge Niosi & Majlinda Zhegu, 2005. "Aerospace Clusters: Local or Global Knowledge Spillovers?," Industry and Innovation, Taylor & Francis Journals, vol. 12(1), pages 5-29.
    18. Markus Grillitsch & Magnus Nilsson, 2015. "Innovation in peripheral regions: Do collaborations compensate for a lack of local knowledge spillovers?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(1), pages 299-321, January.
    19. Ann Markusen, 1996. "Sticky Places in Slippery Space: A Typology of Industrial Districts," Economic Geography, Taylor & Francis Journals, vol. 72(3), pages 293-313, July.
    20. Stefano Breschi & Francesco Lissoni, 2009. "Mobility of skilled workers and co-invention networks: an anatomy of localized knowledge flows," Journal of Economic Geography, Oxford University Press, vol. 9(4), pages 439-468, July.
    21. Frank Neffke & Martin Henning & Ron Boschma & Karl-Johan Lundquist & Lars-Olof Olander, 2011. "The Dynamics of Agglomeration Externalities along the Life Cycle of Industries," Regional Studies, Taylor & Francis Journals, vol. 45(1), pages 49-65.
    22. Ron Boschma, 2005. "Proximity and Innovation: A Critical Assessment," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 61-74.
    23. Todtling, Franz & Trippl, Michaela, 2005. "One size fits all?: Towards a differentiated regional innovation policy approach," Research Policy, Elsevier, vol. 34(8), pages 1203-1219, October.
    24. Rikard Eriksson & Urban Lindgren, 2009. "Localized mobility clusters: impacts of labour market externalities on firm performance," Journal of Economic Geography, Oxford University Press, vol. 9(1), pages 33-53, January.
    25. Dimitris Assimakopoulos & Helen Lawton Smith & Ning Baines & Saverio Romeo & Maria Tsouri, 2022. "Oxford and Grenoble: multiple anchors, strong dyadic relationships and national policy in fostering cluster architectures," Regional Studies, Taylor & Francis Journals, vol. 56(10), pages 1618-1632, October.
    26. Agrawal, Ajay & Cockburn, Iain, 2003. "The anchor tenant hypothesis: exploring the role of large, local, R&D-intensive firms in regional innovation systems," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1227-1253, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lars Coenen & Bjørn Asheim & Markus M Bugge & Sverre J Herstad, 2017. "Advancing regional innovation systems: What does evolutionary economic geography bring to the policy table?," Environment and Planning C, , vol. 35(4), pages 600-620, June.
    2. Grashof, Nils, 2020. "Putting the watering can away Towards a targeted (problem-oriented) cluster policy framework," Papers in Innovation Studies 2020/4, Lund University, CIRCLE - Centre for Innovation Research.
    3. Markus Grillitsch & Magnus Nilsson, 2017. "Firm performance in the periphery: on the relation between firm-internal knowledge and local knowledge spillovers," Regional Studies, Taylor & Francis Journals, vol. 51(8), pages 1219-1231, August.
    4. Bernd Wurth & Erik Stam & Ben Spigel, 2022. "Toward an Entrepreneurial Ecosystem Research Program," Entrepreneurship Theory and Practice, , vol. 46(3), pages 729-778, May.
    5. Caviggioli, F. & Colombelli, A. & De Marco, A. & Scellato, G. & Ughetto, E., 2023. "The impact of university patenting on the technological specialization of European regions: a technology-level analysis," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    6. Delgado, Mercedes & Porter, Michael E. & Stern, Scott, 2014. "Clusters, convergence, and economic performance," Research Policy, Elsevier, vol. 43(10), pages 1785-1799.
    7. Nicola Cortinovis & Zhiling Wang & Hengky Kurniawan, 2021. "Industrial Relatedness in MNE Spillovers over Geographical Space," Papers in Evolutionary Economic Geography (PEEG) 2111, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Mar 2021.
    8. Ron Boschma & Koen Frenken, 2011. "The emerging empirics of evolutionary economic geography," Journal of Economic Geography, Oxford University Press, vol. 11(2), pages 295-307, March.
    9. Grillitsch, Markus & Sotarauta, Markku, 2018. "Regional Growth Paths: From Structure to Agency and Back," Papers in Innovation Studies 2018/1, Lund University, CIRCLE - Centre for Innovation Research.
    10. Lisa Östbring & Rikard Eriksson & Urban Lindgren, 2015. "Relatedness through experience: On the importance of collected worker experiences for plant performance," Papers in Evolutionary Economic Geography (PEEG) 1530, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2015.
    11. Ron Boschma, 2021. "Global Value Chains from an Evolutionary Economic Geography perspective: a research agenda," Papers in Evolutionary Economic Geography (PEEG) 2134, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2021.
    12. Andrea Morrison, 2023. "Towards an evolutionary economic geography research agenda to study migration and innovation," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(3), pages 529-542.
    13. Grillitsch, Markus & Hansen, Teis, 2018. "Green industrial path development in different types of regions," Papers in Innovation Studies 2018/11, Lund University, CIRCLE - Centre for Innovation Research.
    14. Koen Frenken & Frank Neffke & Alje van Dam, 2023. "Capabilities, institutions and regional economic development: a proposed synthesis," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(3), pages 405-416.
    15. Grillitsch, Markus, 2018. "Place-based entrepreneurship and innovation policy for industrial diversification," Papers in Innovation Studies 2018/3, Lund University, CIRCLE - Centre for Innovation Research.
    16. Alberto Marzucchi & Davide Antonioli & Sandro Montresor, 2012. "Research cooperation within and across regional boundaries. Does innovation policy add anything?," JRC Research Reports JRC76320, Joint Research Centre.
    17. Kroll Henning & Neuhäusler Peter, 2020. "Recent Trends of Regional Development in China – Technological Portfolios and Economic Growth," ZFW – Advances in Economic Geography, De Gruyter, vol. 64(1), pages 14-27, March.
    18. André Spithoven & Bruno Merlevede, 2023. "The productivity impact of R&D and FDI spillovers: characterising regional path development," The Journal of Technology Transfer, Springer, vol. 48(2), pages 560-590, April.
    19. Markus Grillitsch & Magnus Nilsson, 2019. "Knowledge externalities and firm heterogeneity: Effects on high and low growth firms," Papers in Regional Science, Wiley Blackwell, vol. 98(1), pages 93-114, February.
    20. Paola Rucker Schaeffer & Bruno Fischer & Sergio Queiroz, 2018. "Beyond Education: The Role of Research Universities in Innovation Ecosystems," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(2), pages 50-61.

    More about this item

    Keywords

    anchor-tenant; productivity; machine learning; anchor firms; Sweden;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:lucirc:2023_008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Torben Schubert (email available below). General contact details of provider: https://edirc.repec.org/data/circlse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.