Path dependency, regional variety and the dynamics of new firm creation in rooted and pioneering industries

Corradini, C. ORCID: https://orcid.org/0000-0002-1980-7993 and Vanino, E. (2022) Path dependency, regional variety and the dynamics of new firm creation in rooted and pioneering industries. Journal of Economic Geography, 22 (3). pp. 631-651. ISSN 1468-2702 doi: 10.1093/jeg/lbab021

Abstract/Summary

This paper explores regional firm entry connecting insights on the role of localised path dependency with the analysis of variety in regional sectoral structures. Using data on 700 SIC5 industries across 174 NUTS3 regions in the UK between 2000 and 2014, we provide evidence of positive complementarities between industrial path dependence and regional-related variety for firm entry in rooted pre-existing industries. These are negative for entry of pioneering firms in industries new to the region, pointing to lock-in effects and the role of unrelated variety in fostering linkages and knowledge spillovers away from established trajectories.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/111520
Identification Number/DOI	10.1093/jeg/lbab021
Refereed	Yes
Divisions	Henley Business School > Real Estate and Planning
Publisher	Oxford Journals
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