Greater Access to Capital Is Needed to Unleash the Local Economic Development Potential of Minority-Owned Businesses

This research extends bribery research toward entrepreneurial theory and practice by examining how bribery impacts new venture disbanding in China. Existing research suggests that bribery may enhance firms’ competitive advantage; however, building off of resource-based view and taking into consideration the institutional context in China, the current study proposes that firm bribery activity hurts new ventures by increasing the hazard of venture disbanding. Further, guided by resource dependence theory, this study examines how local economic development and organizing activity moderate the relation between bribery and disbanding. In particular, it is proposed that when local economic development is suffering, or when firms are not engaging in appropriate organizing activities, bribery will lead to higher chance of new venture disbanding. Data from Chinese entrepreneurs support these hypotheses.

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Globalisation and local economic development: Place-based and bottom-up public policies in Switzerland and Mexico

Local Economy The Journal of the Local Economy Policy Unit ◽

10.1177/02690942211034378 ◽

2021 ◽

pp. 026909422110343

Author(s):

Eduardo I Palavicini Corona

Keyword(s):

International Economic ◽

Economic Development ◽

Free Trade ◽

Economic Integration ◽

International Economics ◽

Local Economic Development ◽

Public Policies ◽

Bottom Up

The XXI century has reached the end of its first 20 years. Along the years, it has posed complex challenges to economists and economic geographers. For example, the results of elections and consultations in different countries have shown a strong sympathy with political positions that question the benefits of free international flows of goods, services, labour and capital. By the same token, some academics argue that despite international economics theory clearly acknowledges that free trade causes winners and losers, the expected higher gains have not been effectively used to compensate the losers. This article explores the main challenges of international economic integration in sub-national territories in Switzerland and Mexico to better understand the importance of delivering relevant and competent public policies based on territorial specificity.

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Financial stability and local economic development: the experience of Italian labour market areas

Empirical Economics ◽

10.1007/s00181-021-02071-x ◽

2021 ◽

Author(s):

Cristian Barra ◽

Roberto Zotti

Keyword(s):

Economic Development ◽

Labour Market ◽

Financial Distress ◽

Financial Stability ◽

Local Economic Development ◽

Banking System ◽

Spatial Effects ◽

Financial Conditions ◽

Market Areas ◽

The Relationship

AbstractRegulators should ensure the smooth functioning of the system and promote regional development. Making the health of financial institutions is therefore a prerequisite for a sustainable economic development. This paper contributes to the literature on the relationship between the financial stability and growth within the area of one country. This implies that institutional, legal, and cultural factors are more adequately controlled for and financial markets are more accurately bounded. Using a rich sample of Italian banks over the 2001–2012 period, this paper addresses whether different measures of financial distress affect economic development of labour market areas in Italy. Results show that the financial stability has a positive effect on local economic development, robust to alternative variables capturing financial vulnerability. The presence of spatial effects is tested showing that better financial conditions of the banking system in neighbouring areas have a detrimental effect on an area’s growth.

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