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Creative Industries, New Business Formation and Regional Economic Growth

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Author Info
Roberta Piergiovanni () (Istat-Ufficio Regionale per l’Emilia-Romagna)
Martin Carree (Maastricht University)
Enrico Santarelli (University of Bologna and Max Planck Institute of Economics)

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Abstract

The present study explores the impact exerted by a series of factors and processes including creativity, IPR activities, new business formation and the provision of amenities on economic growth for 103 Italian provinces (NUTS 3) over the period between 2001 and 2006. Provincial growth rates are measured alternatively by value added growth and employment growth. Findings show a positive effect of the increase in the number of firms active in the creative industries, net entry, and a greater provision of leisure amenities on regional economic growth. A large portion of employment in the manufacturing, mining, and energy sector, and a high relative number of university faculties are found to lead to slower economic growth, whereas trademarks, patents, cultural amenities and industrial districts do not affect economic growth. Finally, the share of legal immigrants is found to have a positive impact on employment growth.

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Publisher Info
Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number 2009-020.

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Date of creation: 18 Mar 2009
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Handle: RePEc:jrp:jrpwrp:2009-020

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Web page: http://www.jenecon.de

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Related research
Keywords: regional growth; creativity; entrepreneurship; Italian provinces;

Find related papers by JEL classification:
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes

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This page was last updated on 2009-11-18.


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