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Creative industries, new business formation, and regional economic growth

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  • Roberta Piergiovanni

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  • Martin Carree

    ()

  • Enrico Santarelli

    ()

Abstract

In this article we explore the impact of a series of factors, including creativity, intellectual property rights activities, new business formation, and the provision of amenities, on economic growth for 103 Italian provinces over the period spanning 2001 to 2006. Provincial growth rates are measured in terms of employment growth and value-added growth. The findings reveal that an increase in the number of firms active in the creative industries and net entry have a positive effect on regional employment growth. The share of legal immigrants is also found to positively impact employment growth. A high number of university faculties is found to lead to less employment growth, whereas trademarks, patents, cultural amenities, and industrial districts have no significant effect. Value-added growth is for a large part determined by employment growth, but no additional productivity-enhancing effects of the factors discussed are found. Copyright Springer Science+Business Media, LLC. 2012

Suggested Citation

  • Roberta Piergiovanni & Martin Carree & Enrico Santarelli, 2012. "Creative industries, new business formation, and regional economic growth," Small Business Economics, Springer, vol. 39(3), pages 539-560, October.
  • Handle: RePEc:kap:sbusec:v:39:y:2012:i:3:p:539-560
    DOI: 10.1007/s11187-011-9329-4
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    Cited by:

    1. Chen, Ming-Huei & Chang, Yu-Yu & Lee, Chia-Yu, 2015. "Creative entrepreneurs' guanxi networks and success: Information and resource," Journal of Business Research, Elsevier, vol. 68(4), pages 900-905.
    2. repec:spr:anresc:v:58:y:2017:i:3:d:10.1007_s00168-016-0805-2 is not listed on IDEAS
    3. repec:wfo:wstudy:41510 is not listed on IDEAS
    4. Martin Carree & Antonio Malva & Enrico Santarelli, 2014. "The contribution of universities to growth: empirical evidence for Italy," The Journal of Technology Transfer, Springer, vol. 39(3), pages 393-414, June.
    5. David Audretsch & Maksim Belitski, 2013. "The missing pillar: the creativity theory of knowledge spillover entrepreneurship," Small Business Economics, Springer, vol. 41(4), pages 819-836, December.
    6. Hien Tran & Enrico Santarelli & Enrico Zaninotto, 2015. "Efficiency or bounded rationality? Drivers of firm diversification strategies in Vietnam," Journal of Evolutionary Economics, Springer, vol. 25(5), pages 983-1010, November.
    7. Andrea Bonaccorsi & Massimo G. Colombo & Massimiliano Guerini & Cristina Rossi Lamastra, 2014. "How universities contribute to the creation of knowledge-intensive firms: detailed evidence on the Italian case," Chapters,in: Knowledge, Diversity and Performance in European Higher Education, chapter 7, pages iii-iii Edward Elgar Publishing.
    8. repec:kap:jtecht:v:43:y:2018:i:3:d:10.1007_s10961-017-9628-2 is not listed on IDEAS
    9. Xiang Wei & Hailin Qu & Emily Ma, 2016. "How Does Leisure Time Affect Production Efficiency? Evidence from China, Japan, and the US," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(1), pages 101-122, May.
    10. Tubadji, Annie & Nijkamp, Peter & Santarelli, Enrico, 2017. "Shacklean Uncertainty and Cultural Embeddedness as Innovation Constraints in the UK," GLO Discussion Paper Series 111, Global Labor Organization (GLO).
    11. Chiara Peroni & Cesare A. F. Riillo & Francesco Sarracino, 2016. "Entrepreneurship and immigration: evidence from GEM Luxembourg," Small Business Economics, Springer, vol. 46(4), pages 639-656, April.
    12. Coll Martínez, Eva, 2018. "Creativity and entrepreneurship: Empirical evidence for Catalonia," Working Papers 2072/306521, Universitat Rovira i Virgili, Department of Economics.
    13. Niccolò Innocenti & Luciana Lazzeretti, 2018. "Relatedness and growth: The impact of creative industries to the wider economy," Papers in Evolutionary Economic Geography (PEEG) 1819, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2018.
    14. Claudio Berardino & Giuseppe Mauro & Davide Quaglione & Alessandro Sarra, 2016. "Industrial Districts and Socio-economic Well-Being: An Investigation on the Italian Provinces Disparities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 337-363, October.
    15. Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2014. "The impact of local and external university knowledge on the creation of knowledge-intensive firms: evidence from the Italian case," Small Business Economics, Springer, vol. 43(2), pages 261-287, August.
    16. Baggio, Rodolfo & Moretti, Vincenzo, 2015. "Beauty as a factor of economic and social development," MPRA Paper 66194, University Library of Munich, Germany.

    More about this item

    Keywords

    Regional growth; Creativity; Entrepreneurship; Italian provinces; O18; O34; R11;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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