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Creative Industries, New Business Formation and Regional Economic Growth

Author

Listed:
  • Roberta Piergiovanni

    (Istat-Ufficio Regionale per l’Emilia-Romagna)

  • Martin Carree

    (Maastricht University)

  • Enrico Santarelli

    (University of Bologna and Max Planck Institute of Economics)

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.

Suggested Citation

  • Roberta Piergiovanni & Martin Carree & Enrico Santarelli, 2009. "Creative Industries, New Business Formation and Regional Economic Growth," Jena Economics Research Papers 2009-020, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2009-020
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    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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