Author(s): Arouca, Simão Perestrello de Vasconcelos
Date: 2013
Persistent ID: http://hdl.handle.net/10362/9766
Origin: Repositório Institucional da UNL
Subject(s): Firm formation; Municipalities; Institutions
Author(s): Arouca, Simão Perestrello de Vasconcelos
Date: 2013
Persistent ID: http://hdl.handle.net/10362/9766
Origin: Repositório Institucional da UNL
Subject(s): Firm formation; Municipalities; Institutions
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
The uneven spatial distribution of start-ups observed for Portugal from 2003 to 2009 suggests that local attributes, among which the quality of municipal institutions and their respective governance, impact the entrepreneurial process. Through the usage of a fixed effects negative binomial model, this thesis examines the role of municipalities in stimulating firm births, finding both the development of business-related infrastructures and the signals stemming from sound financial management to be the most relevant determinants. While some significance, although conditional, can be assigned to fast-paced licensing and EU structural funding, political right-left preferences appear to exert a negligible influence.