Agglomeration Dynamics of Innovative Start-Ups in Italy Beyond the Industrial District Era

International Entrepreneurship and Management Journal, Forthcoming

27 Pages Posted: 17 Jul 2018

See all articles by Angelo Cavallo

Angelo Cavallo

Politecnico di Milano

Antonio Ghezzi

Polytechnic University of Milan

Alessandra Colombelli

Polytechnic University of Turin

Gian Luca Casali

Queensland University of Technology - School of Management

Date Written: June 27, 2018

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 6,018 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.

Keywords: New Venture Creation, Agglomeration Economies, Innovative Start-Ups, Industrial Districts, Incubators, Industry-Diversification

JEL Classification: L26, M13, R11, O33

Suggested Citation

Cavallo, Angelo and Ghezzi, Antonio and Colombelli, Alessandra and Casali, Gian Luca, Agglomeration Dynamics of Innovative Start-Ups in Italy Beyond the Industrial District Era (June 27, 2018). International Entrepreneurship and Management Journal, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3203713

Angelo Cavallo (Contact Author)

Politecnico di Milano ( email )

Via Lambruschini 4C - building 26/A
Milano, 20156
Italy

Antonio Ghezzi

Polytechnic University of Milan ( email )

Piazza Leonardo da Vinci
Milan, 20100
Italy

Alessandra Colombelli

Polytechnic University of Turin ( email )

Corso Duca degli Abruzzi 24
Torino, Torino 10129
Italy

Gian Luca Casali

Queensland University of Technology - School of Management ( email )

Brisbane, Queensland 4001
Australia

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