Regional determinants of manufacturing start-ups in Greece: evidence on the effect of agglomeration economies

Irene Daskalopoulou and Panagiotis Liargovas

No 41, Working Papers from University of Peloponnese, Department of Economics

Abstract: The paper analyses the regional determinants of manufacturing start-up ratios in Greece. Emphasis is placed upon analysing the effect of agglomeration economies, which are distinguished between urbanisation, and localisation economies. The data refer to establishments realised in the 51 Greek prefectures (NUTS III level) during 2005. Results indicate that negative urbanisation economies prevail. Localisation economies in the form of positive Marshallian and negative Jacobian externalities are observed and constitute important determinants of start-up ratios. Results regarding the effect of other factors such as expected demand and profit, cost and human resources factors are as anticipated.

Pages: 27 pages
Date: 2009
New Economics Papers: this item is included in nep-ent, nep-geo and nep-ure
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Journal Article: Regional determinants of manufacturing start-ups in Greece: evidence on the effect of agglomeration economies (2010)
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