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Determinants of territorial differences in entrepreneurial rates. An empirical analysis of Italian local systems

Author

Listed:
  • Giulio Cainelli

    () (Università degli studi di Padova)

  • Donato Iacobucci

    () (Università Politecnica delle Marche)

  • Alessandra Micozzi

    () (Università Politecnica delle Marche)

Abstract

Italy is characterized by large territorial differences in entrepreneurial rates. The main aims of this paper are to provide a better understanding of the factors affecting these differences and explain the reason of their persistence over time. The persistence of territorial differences may depend on the persistence of differences in explanatory variables of entrepreneurial rates - such as socio-demographics factors, activity rates the structure and organization of local production systems, etc. - or on the presence of path dependent effects. For the empirical analysis, we consider the creation of new firms in Italy from 2001 to 2012 using the Movimprese database provided by the Chambers of Commerce. The database provides information on new firm formation at territorial level (103 provinces) and disaggregated by sector of activity. Using the adult population as normalizing variable, the entrepreneurial rate is defined as the total number of new firms in a year on the adult population at the beginning of the year. We consider entrepreneurial rates referring to the overall sectors and for the manufacturing industry. We use different econometric techniques to separate the impact of explanatory variables from path dependent effects.

Suggested Citation

  • Giulio Cainelli & Donato Iacobucci & Alessandra Micozzi, 2015. "Determinants of territorial differences in entrepreneurial rates. An empirical analysis of Italian local systems," Working Papers 1502, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione, revised Feb 2015.
  • Handle: RePEc:cme:wpaper:1502
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    References listed on IDEAS

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    Keywords

    Entrepreneurship; entrepreneurial rates; path dependence; local production systems;
    All these keywords.

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