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Institutional Perspective To Business Localization

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  • Ionel Bostan
  • Raluca Irina Clipa
  • Flavian Clipa

Abstract

The paper aims to assess the synergic impact of institutions, geography and culture on the decision of localization of operations and individuals. For this purpose, we will identify factors influencing the spatial distribution of operations and suggest an analysis of typology and institutions favorable for economic performance. We conclude that the benefits resulting from agglomerations would not be possible without inclusive political and economic institutions that allow exploitation of market opportunities, encourage technological innovation and investment in people and mobilize talents and skills of a large number of individuals

Suggested Citation

  • Ionel Bostan & Raluca Irina Clipa & Flavian Clipa, 2016. "Institutional Perspective To Business Localization," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(2), pages 100-104, June.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:2:p:100-104
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    References listed on IDEAS

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    4. Edward L. Glaeser & Joshua D. Gottlieb, 2009. "The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States," Journal of Economic Literature, American Economic Association, vol. 47(4), pages 983-1028, December.
    5. Edward L. Glaeser & Glenn Ellison, 1999. "The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration?," American Economic Review, American Economic Association, vol. 89(2), pages 311-316, May.
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    7. Jeffrey D. Sachs, 2003. "Institutions Don't Rule: Direct Effects of Geography on Per Capita Income," NBER Working Papers 9490, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Raluca Irina CLIPA & Ionel BOSTAN & Flavian CLIPA, 2017. "Efficiency Versus Equality In Regional Development Policy: The Case Of Romania," European Journal of Law and Public Administration, Editura LUMEN, vol. 4(1), pages 55-67, June.

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    More about this item

    Keywords

    Business localization; agglomeration economies; institutions; agglomerations; path dependence;
    All these keywords.

    JEL classification:

    • R39 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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