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Amenities and new firm formation in rural areas

Naldi, Lucia and Nilsson, Pia and Westlund, Hans and Wixe, Sofia (2021). Amenities and new firm formation in rural areas. Journal of Rural Studies. 85 , 32-42
[Research article]

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Building on the neo-endogenous rural development model and the resource-based view of the firm, this paper investigates the role of place-based amenities for new firm formation. Empirically, we employ a full-population dataset encompassing new firms in Sweden from 2009 to 2016, combined with geocoded datasets with the spatial distribution of nature- and culture-based amenities. The results show that local amenities are indeed important factors in determining the rate of new firm formation. Estimating the model across urban and rural neighborhoods show that amenities are relatively more important in explaining new firm formation in rural areas as compared to urban. As such, our study contributes to the literature on diversification of the economies of rural areas by pointing at the important role that place-based amenities may play for an entrepreneurially-driven development of less developed and/or rural areas.

Authors/Creators:Naldi, Lucia and Nilsson, Pia and Westlund, Hans and Wixe, Sofia
Title:Amenities and new firm formation in rural areas
Series Name/Journal:Journal of Rural Studies
Year of publishing :2021
Page range:32-42
Number of Pages:11
Publication Type:Research article
Article category:Scientific peer reviewed
Version:Published version
Copyright:Creative Commons: Attribution 4.0
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 507 Social and Economic Geography > Economic Geography
Keywords:Rural entrepreneurship, Amenities, Neo-endogenous development, Resource-based view, Smart specialization
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Additional ID:
Type of IDID
Web of Science (WoS)000659788600004
ID Code:24817
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:07 Jul 2021 12:26
Metadata Last Modified:07 Jul 2021 12:31

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