Convergence Clubs and Relative Economic Performance in Great Britain: 1977–1991

Chatterji, Monojit; Dewhurst, John

doi:10.1080/00343409612331349458

Cited by 123 publications

(68 citation statements)

References 5 publications

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“…Situated on the West of the British Isles, it is also one of the most sparsely populated regions of the UK, with much of the region being rural in nature, with the exception of some larger agglomerations mostly along the south coast. Overall, the performance of the Welsh economy has lagged that of the UK as a whole over the latter part of the twentieth century and into the twenty first century (Chatterji and Dewhurst 1996;Jones and Henley 2008). It is one of the 12 government office regions (GORs) of the UK, and along with Northern Ireland and Scotland has a degree of autonomy over policy through the formation of its own government in 1999, allowing it to develop its own entrepreneurship support policies (Yoo, Mackenzie, and Jones-Evans 2012;Jones and Colwill 2013;Jones-Evans 2015;Rhisiart and Jones-Evans 2016).…”

Section: Entrepreneurship and Survival In The Peripherymentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

117

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Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time. Abstract Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time.

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Section: Entrepreneurship and Survival In The Peripherymentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

117

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“…In the following section we describe the concept of convergence which has been adopted from Chatterji and Dewhurst (1996) and utilized by the present study.…”

Section: A Brief Look At Commonly Used Concepts Of Convergencementioning

confidence: 99%

Disaggregate Fluctuations in the US Farm Output: Testing for Convergence

Temel¹,

Roe

1999

SSRN Journal

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This study examines movements in per farm real output in the US counties, and tests for convergence of output at the aggregate, regional, and divisional levels. The estimations are carried out for the period 1982-1992 and for its two constituent sub-periods, 1982sub-periods, -87 and 1987sub-periods, -92. For the period 1982 show weak convergence at aggregate and regional levels. For the first sub-period 1982-87 (the second sub-period 1987-92) weak convergence (strong divergence) takes place at aggregate and regional levels, except the Northeast region showing strong divergence (weak convergence). These results indicate the Northeast region having distinct movements in farm output compared to the rest of the US. This can, in part, be attributed to the type of farming prevailing in Northeast. At divisional level the estimates are not robust neither for the entire period nor its sub-periods. Overall, the conjecture of the neoclassical growth model is supported at aggregate and regional levels, with unclear pattern at the divisional level. JEL classificationR11 Analysis of growth, developments, and changes R12 Size and spatial distribution of regional economic activity R58 Regional development policy

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“…An important new topic in the field is group convergence (or club convergence), which means a convergence of sets of regions towards a more homogeneous cluster. 1 1 For further discussion on club convergence, we refer to Baumont et al, 2003;Chatterji, 1992;Chatterji and Dewhurst, 1996;Fischer and Stirbock, 2006;Islam, 2003;López-Bazo et al, 1999;Quah, 1996;Rey and Montouri, 1999;and Sala-i-Martin, 1996. We may conclude that the research field of spatial disparities is still developing and is prompting fascinating policy issues that deserve in-depth attention in the years ahead. Besides the concern on policy issues, also in the academic arena too much interest has arisen over the last decade in spatial development.…”

Section: Trends In Regional Economic Growth Theorymentioning

confidence: 99%

Regional Growth and Development Theories Revisited

Capello¹,

Nijkamp²

2011

Endogenous Regional Development

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Regional economics has a long tradition in analytical research and policy modelling, with the aim to enhance our understanding of regional competitiveness conditions and of the emergence, persistence, and mitigation of spatial socio-economic disparities. Unequal regional development in our open economy has prompted a long-lasting debate on the validity and usefulness of economic growth theories in a regional context. This paper aims to review various contributions to regional growth theory and regional policy analysis. It addresses both established regional growth theories and modern growth theories based on, for example, endogenous growth concepts. The paper also broadens the discussion by drawing attention to the importance of network ramifications and environmental sustainability for regional development. It concludes with the formulation of an agenda for future research.

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Convergence Clubs and Relative Economic Performance in Great Britain: 1977–1991

Cited by 123 publications

References 5 publications

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Disaggregate Fluctuations in the US Farm Output: Testing for Convergence

Regional Growth and Development Theories Revisited

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