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Spatial impact of entrepreneurial zones: firm, city, and inter city evidence

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  • Stojcic, Nebojsa
  • Pylak, Korneliusz
  • Jurlina Alibegovic, Dubravka

Abstract

We investigate the impact of a decade-long large public entrepreneurial infrastructure investment programme in an emerging European economy. Using a unique dataset, we examine the short-run firm, city and inter-city effects of entrepreneurial zones (EZs). EZs have a positive impact on business investment, sales and especially export revenues of firms located within them. Positive economic effects of EZs are limited on host and neighbouring towns and cities, decrease with distance and eventually become negative. This points to the localised nature of EZs effects and their potential for spatial redistribution and clustering of economic activity.

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  • Stojcic, Nebojsa & Pylak, Korneliusz & Jurlina Alibegovic, Dubravka, 2022. "Spatial impact of entrepreneurial zones: firm, city, and inter city evidence," MPRA Paper 112395, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:112395
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    1. Maša Trinajstić & Marinela Krstinić Nižić & Nada Denona Bogović, 2022. "Business Incentives for Local Economic Development," Economies, MDPI, vol. 10(6), pages 1-12, June.

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    More about this item

    Keywords

    Entrepreneurial zones; spillover effects; firm performance; exports; economic incentives; emerging economies;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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