David Storey on Understanding Persistence and Change in Regional Entrepreneurship Rates: Critical Issues and Policy Implications
摘要
This chapter examines long-term regional start-up rates in England and Wales (1981–2020), exploring persistence and mobility in regional entrepreneurship rankings using the ‘regional entrepreneurship league table’. Findings reveal strong persistence but notable mobility for some regions. Econometric analysis highlights factors such as regional industry diversity, human capital, population density, immigration, and wage rates as key drivers for rank mobility. An implication for policy is that improving the performance of low entrepreneurship regions is likely to require sustained and patient interventions. Information on the policy levers that may improve performance can be obtained from a better understanding of the conditions for regional leapfrogging and plunging.