Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1825106
Assessment of regions using an index for a location’s attractiveness for business development
Ineta Zykiene
Vytautas Snieska
orcid.org/0000-0001-8777-273X
Jurgita Bruneckiene
Daiva Burksaitiene
Sažetak
A system of 36 regional-level indicators is selected to create a
new index measuring a location’s attractiveness for business
development (the LA-index), on the criteria of intelligence, networking and infrastructure, sustainability, digitalisation, learning,
agility, innovativeness and knowledge. Business establishment is
defined by nine indicators. Overall, the research data include
5,170 observations. The methodology presented is suitable for
assessing the attractiveness of any region if the necessary data
are available. We use correlation analysis and the Granger causality test to analyse the impact of business attractiveness on the
establishment of new businesses. The main findings reveal that
attractiveness for business development has a positive impact on
the establishment of new businesses, but the determinants and
time lags of this impact vary depending on the level of economic
development of the region. The paper contributes to the regional
economic development literature by exploring the concept of a
location’s attractiveness using the smartness approach, and by
discovering the time lags of the impact of this on the establishment of new businesses. The paper provides original empirical
evidence, which helps policy makers to develop more accurate
strategies and decision-making process based on smartness determinants and delayed effect (impact over time).
Ključne riječi
attractiveness for business development; new business establishment; smartness approach; institutional approach; regions
Hrčak ID:
301232
URI
Datum izdavanja:
31.12.2021.
Posjeta: 172 *