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Agglomeration dynamics of innovative start-ups in Italy beyond the industrial district era |
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| Authors: | Cavallo Angelo Ghezzi Antonio Colombelli Alessandra Casali Gian Luca |
| Institution: | 1.Politecnico di Milano, Department of Management, Economics and Industrial Engineering, Via Lambruschini, 4/B, 20156, Milan, Italy ;2.DIGEP, Politecnico di Torino and BRICK (Bureau of Research in Innovation Complexity and Knowledge), Collegio Carlo Alberto, Corso Duca degli Abruzzi, 24, 10129, Torino, Italy ;3.Queensland University of Technology, School of Management, Brisbane, 2 George St, Brisbane, QLD, 4000, Australia ; |
| Abstract: | Building on the literature on agglomeration economies, this study examines how urbanization, industry-diversification, district economics and incubating initiatives are associated to the creation of innovative start-ups in Italy. The empirical analysis is based on a sample of 6018 innovative start-ups distributed across 104 Italian NUTS 3 regions. Our findings show that incubating initiative and industrial districts play a major role for new venture creation and provide support to the positive role of urbanization economies and industry specialization over diversification. Finally, we discuss future research directions grounded on the empirical evidence provided by our study. |
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