Spatial agglomeration of multinational enterprises: determinants and policy implications
Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Stefano Elia, Sergio Mariotti, Lucia Piscitello
Publishing Year 2010 Issue 2010/4
Language Italian Pages 30 P. 39-68 File size 342 KB
DOI 10.3280/POLI2010-004003
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The study explores the impact of the local endowment of both human and infrastructural capital on the creation of new technology-based firms (NTBFs) in the 103 Italian provinces in the 1996-2005 period. Our empirical results indicate that both human and infrastructural capital have a significant positive effect on NTBFs’ entry rates, although the impacts are different depending on whether the industry is manufacturing or services. More specifically, the impact of human capital is weak on the manufacturing industries, while infrastructural capital plays a key role in services. The results also show the absence of complementary effects between human and infrastructural capital, either in manufacturing industries or in services.
Keywords: Entrepreneurship, human capital, infrastructure
Jel codes: L26, O3, R
Stefano Elia, Sergio Mariotti, Lucia Piscitello, L’agglomerazione delle imprese multinazionali: determinanti e implicazioni di politica industriale in "ECONOMIA E POLITICA INDUSTRIALE " 4/2010, pp 39-68, DOI: 10.3280/POLI2010-004003