The effects of new firm formation on regional development over time: The case of Great Britain |
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| Authors: | Pamela Mueller André van Stel David J Storey |
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| Institution: | (1) Max Planck Institute of Economics, Kahlaische Strasse 10, 07745 Jena, Germany;(2) EIM Business and Policy Research, Zoetermeer, The Netherlands;(3) Cranfield University School of Management, Cranfield, UK;(4) Max Planck Institute of Economics, Jena, Germany;(5) Centre for Small and Medium Sized Enterprises, University of Warwick, Coventry, UK |
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| Abstract: | This paper re-examines the link between new firm formation and subsequent employment growth. It investigates whether it is
possible to have the wrong type of entrepreneurship—defined as new firm formation which leads to zero or even negative subsequent
employment growth. It uses a very similar approach to that of Fritsch and Mueller (Regional Studies, 38(8), 961–976, 2004),
confirming their findings that the employment impact of new firm formation is in three discrete phases. Then, using data for
Great Britain, the paper shows the employment impact of new firm formation is significantly positive in the high-enterprise
counties of Great Britain. However, for the low-enterprise counties, it shows that new firm formation has a negative effect
on employment. Of the 15 low-enterprise regions, eight are Scottish (of nine Scottish regions in our data base) and three
are North East Counties (of four). Our findings imply that having the “wrong type of entrepreneurship” is indeed possible.
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| Keywords: | New firm formation Employment growth Great Britain Low-entrepreneurial regions |
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