https://orcid.org/0000-0001-6638-8771
![Sample our Built Environment journals, sign in here to start your access, Latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5926/TOC-Subject-Sample-2021-Built-Environment.jpg"})
ABSTRACT
We investigate the impact of a decade-long, large public entrepreneurial infrastructure investment programme in an emerging European economy. Using a unique data set, we examine the short-run firm city and inter-city effects of entrepreneurial zones (EZs). EZs have a positive impact on business investment, sales and especially the export revenues of firms located within them. The positive economic effects of EZs are limited to host and neighbouring towns and cities, decrease with distance, and eventually become negative. This points to the localized nature of the effects of EZs and their potential for spatial redistribution and clustering of economic activity.
ACKNOWLEDGEMENTS
The authors thank the three anonymous referees for their valuable comments, which helped to improve the manuscript. All errors remain the authors’ own.
DISCLOSURE STATEMENT
No potential conflict of interest was reported by the authors
Notes
1. Before interpreting the results, all model diagnostics were evaluated (see Tables A4–A5 and Figure A1 in the supplemental data online), which fully support the validity of our model. For expository convenience, we report only the results of the treatment analysis. For the results of the first stage (determinants of the probability of location in EZ), see Table A3 online.