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Economic and social development generated by innovative startups: does heterogeneity persist across Italian macro-regions?

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  • Diego Matricano

Abstract

The aim of the present paper is to investigate if heterogeneity – meant in terms of economic and social development generated by innovative startups – persists or not across the three Italian macro-regions (north, centre, and south of Italy). According to law number (L. n.) 221/2012, Italian innovative startups are characterized by three parameters: (A) investments in R&D activities; (B) hiring experienced researchers; (C) holding a patent. By testing the effect that these parameters can exert in terms of economic and social development, heterogeneity or homogeneity between northern, central, and southern Italian macro-regions is disclosed. Methodologically, statistical elaborations leverage an unbalanced panel of 11,052 Italian innovative startups (data are retrieved from the official website of Italian Chambers of Commerce at http://startup.registroimprese.it) and are carried out through the estimation of a Stochastic Frontier Analysis – SFA without a time variable stochastic efficiency term.Achieved results disclose that heterogeneity persists across Italian macro-regions in reference to factors generating an economic and social impact; however, homogeneity exists in reference to causes of gaps from the efficiency frontier. In particular, results about northern macro-region reveal specific dynamics that – if properly managed – can increase the economic and social impact of innovative startups.

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  • Diego Matricano, 2022. "Economic and social development generated by innovative startups: does heterogeneity persist across Italian macro-regions?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 31(6), pages 467-484, August.
    • Handle: RePEc:taf:ecinnt:v:31:y:2022:i:6:p:467-484
    DOI: 10.1080/10438599.2020.1823675
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    1. Juan Cabas Monje & Bouali Guesmi & Amer Ait Sidhoum & José María Gil, 2023. "Measuring technical efficiency of Spanish pig farming: Quantile stochastic frontier approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(4), pages 688-703, October.

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