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National, regional or industrial explanation for business demography in the European Union since 2010 until 2014: a shift-share application

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Resumo:Among the main concepts of business demography there are the concepts of business births (creation) and deaths (closure), whose importance for the business cycle is well recognized in the specialised literature. Indeed, firms’ entry and exit are critical for the continued dynamism of modern economies (Cavallari, 2015; Klapper & Richmond, 2011). Traditionally, creation and closure of new firms and its variations across regions have been associated with regional factors. Still, a region can have an aggregate rate of activity that differs from that of the nation because it has a different mix of industries and/or because it enjoys comparatively more favourable local conditions for that activity (Fotopoulos & Spence, 2001). Thus, business demography in a given spatial area and during a particular time period may be driven by the business cycle, industrial composition, as well as regional advantage (Cheng, 2011). With the previous framework in mind, the research work is dedicated to analyse each of the three factors that may have driven business demography in European Union countries between 2010 and 2014 (a 5 year period), and to find out which of them has/have been the most important one(s). For this purpose, a shift-share decomposition analysis of business creation and business closure will be applied. The impact of the macroeconomic framework, the industrial composition, and the regional influence was computed to identify the share of impact of each component. The results of the study proved that regional component had the highest influence on both firms’ births and deaths during the studied period of time for almost all countries included in the analysis. Only for few countries and in specific industries the most influential factor was the industrial composition of the economic activity, and even for less the national macroeconomic path. Since the applied methodology is just exploratory and not explanatory, the results allow only generating ideas and hypotheses that may be important in order to uncover the relations between firms’ births and deaths and regional characteristics, industrial mix, and national economy growth.
Autores principais:Shinkarenko, Kseniia
Assunto:Business demography Firm births Firm deaths Shift-share analysis European Union
Ano:2017
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Instituto Politécnico de Bragança
Idioma:inglês
Origem:Biblioteca Digital do IPB

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