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A multilevel approach to firm interrelationships across European regions
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Date
45104
Authors
O’Leary, Daragh
Doran, Justin
Power, Bernadette
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor & Francis Group
Published Version
Abstract
Policymakers attempt to foster entrepreneurship within European regions yet firm interrelationships across European regions remain understudied. This paper analyses the extent to which past firm births and deaths influence future firm births and deaths across European NUTS 2 regions through the lens of competition, multiplier and Marshall effects. Using a novel multilevel mixed effects regression model, we find evidence for an immediate multiplier effect changing to a competition effect as time passes across European regions and countries. We also identify that significant variations in firm birth and death rates exist across European regions validating the importance of more decentralized regional entrepreneurial policies which has implications for policies like the European Regional Development Fund’s (ERDF) Cohesion Plan and the Smart Specialization Strategy.
Description
Keywords
Firm births , NUTS2 regions , Multilevel modelling , Firm deaths
Citation
O’Leary, D., Doran, J. and Power, B. (2023) ‘A multilevel approach to firm interrelationships across European regions’, European Planning Studies, (20 pp). https://doi.org/10.1080/09654313.2023.2226700.