Spatial analysis of new firm formation in creative industries before and during the world economic crisis

• Type: Article in International Scientific Journal
• Date: 2021

Authors

Cruz, SCS (Author) Other; Aurora Teixeira (Author) FEP

Journal

Title: Annals of Regional Science

Vol. 67 No. 2

Pages: 385-413

ISSN: 0570-1864

Publisher: Springer Nature

Indexing

ISI Web of Knowledge - 17 Citations

Scopus - 19 Citations

Other information

Authenticus ID: P-00T-MAK

DOI: 10.1007/s00168-021-01052-3

Abstract (EN): Most empirical research on the effects of the economic downturns has been a-spatial and overlooked the location choices of creative industries (CIs). The present study addresses an open debate on whether economic downturns have pushed a change in the relative importance of resilience-based versus traditional CIs location factors. Considering the location choices of 6332 CIs Portuguese start-ups in the period 2005-2012, we found that: (1) the crisis brought changes in the relative importance of location factors, enhancing traditional CI location factors such as technology and diminishing the relevance of resilience-based factors related to regions industrial specialisation; (2) resilience-based factors, such as industrial diversity, higher education, cultural and social networking and traditional CI factors, namely lower social inequality and life quality, were robust drivers for the emergence of new start-ups all over the period; and (3) although cultural policy significantly and positively support the emergence of new CIs start-ups in the crisis period, the austerity period reversed that role. Our results suggest that the sustainable development of regions implies encompassing public stimulus to the generation of a diversified, interdependent network of creative activities, able to enhance innovation through their own synergies and linkages with the rest of the economy.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 29