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The properties of local knowledge bases and entrepreneurship: Evidence from Italian NUTS 3 regions

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  • Alessandra Colombelli
  • Francesco Quatraro

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Abstract

This 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.

Suggested Citation

  • Alessandra Colombelli & Francesco Quatraro, 2013. "The properties of local knowledge bases and entrepreneurship: Evidence from Italian NUTS 3 regions," Papers in Evolutionary Economic Geography (PEEG) 1303, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Mar 2013.
  • Handle: RePEc:egu:wpaper:1303
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    File URL: http://econ.geo.uu.nl/peeg/peeg1303.pdf
    File Function: Version March 2013
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    Cited by:

    1. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    2. Alessandra Colombelli, 2016. "The impact of local knowledge bases on the creation of innovative start-ups in Italy," Small Business Economics, Springer, vol. 47(2), pages 383-396, August.

    More about this item

    Keywords

    Knowledge Coherence; Variety; Cognitive Distance; Italy; Knowledge-Spillovers Theory of Entrepreneurship; New Firms; Recombinant Knowledge;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - 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, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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