Pub Date : 2024-08-27DOI: 10.1016/j.pirs.2024.100048
Hantian Sheng , Canfei He , Dejie He , Fang Qi
Venture capital, as an expectation of investors, has become an important vehicle for regional financialization. From the perspective of evolutionary economic geography, we figure out that venture capital investments in China significantly contribute to regional product expansion. Such a positive effect is not only concentrated in the core cities in the investment network but also benefits the periphery counterparts. However, venture capital investments may not completely break the path lock-in of left-behind regions to enhance their economic resilience. In this sense, the uneven geographic development led by venture capital should raise the awareness of policymakers and planners.
{"title":"Opportunities or risks? Venture capital investments and regional path creation: Evidence from China","authors":"Hantian Sheng , Canfei He , Dejie He , Fang Qi","doi":"10.1016/j.pirs.2024.100048","DOIUrl":"10.1016/j.pirs.2024.100048","url":null,"abstract":"<div><p>Venture capital, as an expectation of investors, has become an important vehicle for regional financialization. From the perspective of evolutionary economic geography, we figure out that venture capital investments in China significantly contribute to regional product expansion. Such a positive effect is not only concentrated in the core cities in the investment network but also benefits the periphery counterparts. However, venture capital investments may not completely break the path lock-in of left-behind regions to enhance their economic resilience. In this sense, the uneven geographic development led by venture capital should raise the awareness of policymakers and planners.</p></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 5","pages":"Article 100048"},"PeriodicalIF":2.4,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S105681902400068X/pdfft?md5=713b2a9eea13b72fdbc51070fee165b7&pid=1-s2.0-S105681902400068X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142087186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-21DOI: 10.1016/j.pirs.2024.100044
Renato Garcia , Veneziano Araujo , Suelene Mascarini , Emerson Gomes Santos , Ariana Costa , Sarah Ferreira
The aim of our paper is to examine the role of different types of local absorptive capacity in moderating the relation between inward FDI spillovers and regional innovation. We use data on the investments of multinational companies (MNCs) in Brazilian regions from 2003 to 2014, linking them to regional innovative performance. Our results reveal that the transfer of technological knowledge from MNCs to local firms cannot be taken for granted since the positive effects of inward FDI spillovers on regional innovation occur when the new knowledge provided by inward FDI can be associated with the existing capabilities of local actors. The different types of absorptive capacity among local actors have diverse effects on their ability to benefit from inward FDI spillovers. Our findings reveal the distinct moderating effects of firm and local institutions capabilities, indicating that firms' absorptive capacity can derive greater benefits from the new knowledge provided by inward FDI. Finally, our study provides new empirical evidence of inward FDI spillovers and sheds new light on regional FDI attraction policies.
{"title":"Unveiling the role of different types of local absorptive capacity: The effects of inward FDI spillovers on regional innovation","authors":"Renato Garcia , Veneziano Araujo , Suelene Mascarini , Emerson Gomes Santos , Ariana Costa , Sarah Ferreira","doi":"10.1016/j.pirs.2024.100044","DOIUrl":"10.1016/j.pirs.2024.100044","url":null,"abstract":"<div><p>The aim of our paper is to examine the role of different types of local absorptive capacity in moderating the relation between inward FDI spillovers and regional innovation. We use data on the investments of multinational companies (MNCs) in Brazilian regions from 2003 to 2014, linking them to regional innovative performance. Our results reveal that the transfer of technological knowledge from MNCs to local firms cannot be taken for granted since the positive effects of inward FDI spillovers on regional innovation occur when the new knowledge provided by inward FDI can be associated with the existing capabilities of local actors. The different types of absorptive capacity among local actors have diverse effects on their ability to benefit from inward FDI spillovers. Our findings reveal the distinct moderating effects of firm and local institutions capabilities, indicating that firms' absorptive capacity can derive greater benefits from the new knowledge provided by inward FDI. Finally, our study provides new empirical evidence of inward FDI spillovers and sheds new light on regional FDI attraction policies.</p></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 5","pages":"Article 100044"},"PeriodicalIF":2.4,"publicationDate":"2024-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000642/pdfft?md5=d700de07f48b518091f39f1aacdad0b1&pid=1-s2.0-S1056819024000642-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142039738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-15DOI: 10.1016/j.pirs.2024.100045
Marc Cowling , Ross Brown
Invoking the concept of regional resilience, this paper investigates how Brexit has affected the exporting behaviour of UK small and medium-sized enterprises (SMEs). The research found only two UK regions, Northern Ireland and London, remained strongly export-oriented by volume and intensity of exports to the EU. Across most other regions we detected strong levels of disengagement from exporting, whereby “discouraged exporters” may experience longer-term productivity “scarring” effects instigated by reduced exposure to EU markets. Resilience to Brexit is shown to be spatially skewed and most robust in regions spatially proximate to, and in closest regulatory alignment with, the EU.
{"title":"Discouraged exporters, regional resilience and the “Slow Burn” shock of Brexit: Unpacking the trade-related consequences for UK SMEs","authors":"Marc Cowling , Ross Brown","doi":"10.1016/j.pirs.2024.100045","DOIUrl":"10.1016/j.pirs.2024.100045","url":null,"abstract":"<div><p>Invoking the concept of regional resilience, this paper investigates how Brexit has affected the exporting behaviour of UK small and medium-sized enterprises (SMEs). The research found only two UK regions, Northern Ireland and London, remained strongly export-oriented by volume and intensity of exports to the EU. Across most other regions we detected strong levels of disengagement from exporting, whereby “discouraged exporters” may experience longer-term productivity “scarring” effects instigated by reduced exposure to EU markets. Resilience to Brexit is shown to be spatially skewed and most robust in regions spatially proximate to, and in closest regulatory alignment with, the EU.</p></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 5","pages":"Article 100045"},"PeriodicalIF":2.4,"publicationDate":"2024-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000654/pdfft?md5=19fc516c31cb1baa1ec7ec404e4e03a3&pid=1-s2.0-S1056819024000654-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141990480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-10DOI: 10.1016/j.pirs.2024.100039
Joaquim Oliveira Martins
{"title":"Book review of “Regional policy: Theory and practice” by Ugo Fratesi","authors":"Joaquim Oliveira Martins","doi":"10.1016/j.pirs.2024.100039","DOIUrl":"10.1016/j.pirs.2024.100039","url":null,"abstract":"","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 6","pages":"Article 100039"},"PeriodicalIF":2.4,"publicationDate":"2024-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000599/pdfft?md5=1f45029d0e5c3febe8dc74f4da5ccac6&pid=1-s2.0-S1056819024000599-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141963787","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-01DOI: 10.1016/j.pirs.2024.100040
Francesca Torrieri
{"title":"Luigi Fusco Gerard, Karima Kourtit and Peter Nijkamp (2023) “The Future of Liveable Cities” The Regional Science Academy, Springer, ISBN 978-3-031-37465-4","authors":"Francesca Torrieri","doi":"10.1016/j.pirs.2024.100040","DOIUrl":"10.1016/j.pirs.2024.100040","url":null,"abstract":"","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 5","pages":"Article 100040"},"PeriodicalIF":2.4,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000605/pdfft?md5=fa66265d9a8a7a74061daf1361989bfc&pid=1-s2.0-S1056819024000605-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141962023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-01DOI: 10.1016/j.pirs.2024.100028
Daniel Goya
Most papers on creative industries ask whether they are a source of Marshallian or Jacobian effects, inasmuch as a stronger creative sector is a direction of diversification that could have positive spillovers onto the rest of the economy. While most works have focused on developed economies, I contribute evidence from a middle-income Latin American country and study both creative occupations and creative sectors. I find that specialisation in creative sectors is associated with higher sales and a larger number of firms in those sectors, albeit at a decreasing rate. A similar relationship is found between specialisation in creative occupations and the income of those workers. I find no evidence of effects of creative specialisation on other sectors.
{"title":"Marshallian and Jacobian externalities in creative industries: Evidence from Chile","authors":"Daniel Goya","doi":"10.1016/j.pirs.2024.100028","DOIUrl":"10.1016/j.pirs.2024.100028","url":null,"abstract":"<div><p>Most papers on creative industries ask whether they are a source of Marshallian or Jacobian effects, inasmuch as a stronger creative sector is a direction of diversification that could have positive spillovers onto the rest of the economy. While most works have focused on developed economies, I contribute evidence from a middle-income Latin American country and study both creative <em>occupations</em> and creative <em>sectors</em>. I find that specialisation in creative sectors is associated with higher sales and a larger number of firms in those sectors, albeit at a decreasing rate. A similar relationship is found between specialisation in creative occupations and the income of those workers. I find no evidence of effects of creative specialisation on other sectors.</p></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 4","pages":"Article 100028"},"PeriodicalIF":2.4,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000472/pdfft?md5=b6961b3d6082b3800c6b600590437b92&pid=1-s2.0-S1056819024000472-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141950390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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