The spatial dynamics of new firm births during an economic crisis: the case of Great Britain, 2004–2012

Abstract

The spatial dynamics of new firm births during an economic crisis: the case of Great Britain,

Economic resilience in Great Britain: the crisis impact and its determining factors for local authority districts

“…The loss of statistical significance across models indicates considerable sensitivity across specifications. This diminishes the robustness of the results and does not allow for the confirmation of a significant effect for entrepreneurship suggested by other studies (Bishop and Shilcof 2016;Williams and Vorley 2014;Williams et al 2013). The opposing effects of firm formation on employment generation-dynamism and flexibility on the one hand and the fact that most new firms tend to be small enterprises with relatively limited access to credit and high death rates, could potentially explain the sensitivity of the results to small changes in specification.…”

“…The opposing effects of firm formation on employment generation-dynamism and flexibility on the one hand and the fact that most new firms tend to be small enterprises with relatively limited access to credit and high death rates, could potentially explain the sensitivity of the results to small changes in specification. In addition, it could be the case that entrepreneurship is important to the restructuring or recovery phase rather than the crisis impact (Bishop and Shilcof 2016;Williams and Vorley 2014;Williams et al 2013).…”

“…Entrepreneurship could also play a role in mitigating the effects of the downturn (Bishop and Shilcof 2016). A number of studies highlight the importance of entrepreneurship to economic growth through innovation and job creation (Audretsch et al 2015;Williams et al 2013).…”

Economic recession shake-out and entrepreneurship: Evidence from Spain

“…Indeed, a large bulk of studies has examined such relationships at the country level. Only a few studies have emphasized the effect of a shock on the inner territories of a given country (e.g., Bishop and Shilcof, 2017; Williams and Vorley, 2014). We believe that such an impact is manifested in different forms and different levels of intensity across sub-national regions.…”

Economic resilience in Great Britain: an empirical analysis at the local authority district level

“…Entrepreneurship is linked to economic growth by the exploitation of market opportunities, increase in innovation and the creation of jobs (Audretsch et al, 2015;Bunten et al, 2015). The entrepreneurial characteristics of flexibility and adaptability, the generation of employment and the renewal of business bases with new, more dynamic firms are features that can particularly assist local areas at times of economic distress (Bishop and Shilcof, 2016;Williams and Vorley, 2014). However, entrepreneurship levels vary geographically in a time-persistent pattern (Audretsch and Keilbach, 2007;Bishop, 2012;Fotopoulos, 2014).…”