The properties of local knowledge bases and entrepreneurship: Evidence from Italian NUTS 3 regions
AbstractThis paper investigates the relationship between the creation of new firms and the properties of the local knowledge bases, like coherence, cognitive distance and variety. By combining the literature on the knowledge spillovers of entrepreneurship and that on the recombinant knowledge approach, we posit that locally available knowledge matters to the entrepreneurial process, but the type of knowledge underlying theses dynamics deserve to be analyzed. The analysis is carried out on 104 Italian NUTS 3 regions observed over the time span 1995-2011. The results confirm that local knowledge is important, and suggest that the creation of new firms in Italy is associated to the exploitation of well established technological trajectories grounded on competences accumulated over time, rather than to the commercialization of brand new knowledge.
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Bibliographic InfoPaper provided by Utrecht University, Section of Economic Geography in its series Papers in Evolutionary Economic Geography (PEEG) with number 1303.
Length: 29 pages
Date of creation: Mar 2013
Date of revision: Mar 2013
Knowledge Coherence; Variety; Cognitive Distance; Italy; Knowledge-Spillovers Theory of Entrepreneurship; New Firms; Recombinant Knowledge;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-30 (All new papers)
- NEP-BEC-2013-03-30 (Business Economics)
- NEP-CSE-2013-03-30 (Economics of Strategic Management)
- NEP-CWA-2013-03-30 (Central & Western Asia)
- NEP-ENT-2013-03-30 (Entrepreneurship)
- NEP-GEO-2013-03-30 (Economic Geography)
- NEP-INO-2013-03-30 (Innovation)
- NEP-KNM-2013-03-30 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2013-03-30 (Small Business Management)
- NEP-URE-2013-03-30 (Urban & Real Estate Economics)
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