Table of Contents

Innovation, Agglomeration and Regional Competition

Innovation, Agglomeration and Regional Competition

New Horizons in Regional Science series

Edited by Charlie Karlsson, Börje Johansson and Roger R. Stough

This book provides a state-of-the-art overview of current research on regional competition and co-operation. Developing our current understanding of the new role of regions and their behaviour, this book addresses questions such as: How and why do regions compete? How does competition between border regions operate? Which regions are successful and which regions fail? What are the implications of regional competition in terms of resource allocation, the location of economic activities and the distribution of incomes? The book illuminates a number of critical theoretical end empirical issues relating to the competitive and cooperative nature of regions, as well as highlighting a number of new case studies from a variety of countries.

Chapter 3: Ownership, Succession and Entrepreneurship in an Ageing Society: Is There a Transition Problem?

Per-Olof Bjuggren and Daniel Wiberg

Subjects: economics and finance, economics of innovation, regional economics, innovation and technology, economics of innovation, urban and regional studies, clusters, regional economics


1 Per-Olof Bjuggren and Daniel Wiberg INTRODUCTION 3.1 A number of EU reports have brought attention to the potential succession problems most West European countries may face during the next decade. The baby boom generation born in the 1940s is about to retire in the coming years. A large portion of the non-listed firms are owned and managed by entrepreneurs of that age. The transfer of these firms to new owners and managers might entail severe problems, especially for regions which are heavily dependent on the factor incomes of the private sector. One problem related to the transfer of ownership is that there is no marketplace for small- and medium-sized privately held firms. Some firms might not find a buyer and for that reason be closed down. As a consequence, employees might lose their jobs and the economy as a whole might in this way be negatively affected. So far the studies of the effects of these transfer problems have looked at the problems on a global, EU or national level. But the negative effects of unsuccessful ownership transfers are more likely to be experienced at the regional level. The welfare of a region is largely dependent on how well the net tax-paying private business sector is doing. A close-down of a large share of the private business enterprises, due to succession problems, could have a very serious negative impact on the welfare of a region. This study addresses this potential ownership transfer problem and related issues on a regional...

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