Können altindustrielle Städte zu “Hot Spots“ der Kreativwirtschaft werden? Das Beispiel der Medienwirtschaft in Halle
Martin T. W. Rosenfeld
F. Amey und J. Ringel (Hrsg.), Hotspots der Stadtentwicklung. Methoden, Praxis und Perspektiven der gemanagten Stadt,
2014
Abstract
In den letzten Jahren wird die Kreativwirtschaft zunehmend als wichtiger Motor für die Entwicklung von Städten angesehen. Gerade in der Medienwirtschaft wird eine Zukunftsbranche für solche Städte gesehen, in denen traditionelle Branchen an Bedeutung verloren haben. So setzt auch die Stadt Halle seit einiger Zeit auf die Entwicklung der Medienwirtschaft. Es wird gezeigt, dass sich die Medienwirtschaft in der Stadt Halle in verschiedenen Teilbereichen gut entwickelt hat – obgleich die vorhandenen Standortfaktoren eigentlich nur bedingt für eine Ansiedlung von Medienfirmen in Halle sprechen und deshalb die Potentiale für die weitere Entwicklung begrenzt sein dürften.
Read article
5. Halle Colloquy on Local Public Economics “Cooperation between Jurisdictions: Assessing the Evidence for Cost Savings and Economic Development“
Peter Haug
Wirtschaft im Wandel,
No. 6,
2013
Abstract
Am 21. und 22. November 2013 fand am IWH in Zusammenarbeit mit der Universität Kassel (Lehrstuhl für Finanzwissenschaft, Professor Dr. Ivo Bischoff) das nunmehr 5. Hallesche Kolloquium zur kommunalen Wirtschaft statt. Die diesjährige Veranstaltung stand unter dem Zeichen einer Neuausrichtung. Das Programm wurde im Vergleich zu den Vorgängerveranstaltungen stärker auf das internationale wissenschaftliche Publikum zugeschnitten und das Themenspektrum ergänzend zum Kernthema „interkommunale Kooperation“ auf alle Bereiche der Kommunalfinanzen ausgeweitet.
Read article
Geoadditive Models for Regional Count Data: An Application to Industrial Location
Davide Castellani
ERSA conference papers,
2012
Abstract
We propose a geoadditive negative binomial model (Geo-NB-GAM) for regional count data which allows us to simultaneously address some important methodological issues, such as spatial clustering, nonlinearities and overdispersion. We apply this model to study location determinants of inward greenfield investments occurred over the 2003-2007 period in 249 European regions. The inclusion of a geoadditive component (a smooth spatial trend surface) permits us to control for spatial unobserved heterogeneity which induces spatial clustering. Allowing for nonlinearities reveals, in line with theoretical predictions, that the positive effect of agglomeration economies fades as the density of economic activities reaches some limit value. However, no matter how dense the economic activity becomes, our results suggest that congestion costs would never overcome positive agglomeration externalities.
Read article
4th Halle Forum on Urban Economic Growth: „The Development of Cities in Central and Eastern Europe“
Albrecht Kauffmann
Wirtschaft im Wandel,
No. 2,
2013
Abstract
Das Halle Forum on Urban Economic Growth findet seit 2006 im zweijährigen Rhythmus am IWH statt. Die Tagung vom 29. und 30. November 2012 befasste sich mit Problemen der Entwicklung mittel- und osteuropäischer Städte. Thematisch umfassten die Vorträge ein breites Spektrum, in dessen Mitte die Frage nach der Wirkung formeller und informeller Institutionen auf die Stadtentwicklung stand. Sie verstand sich damit gleichzeitig als Auftaktveranstaltung des multinational angelegten IWH-Projekts „The Economic Re-positioning of Post-socialist Cities (RePoCit) – Institutional Settings, Local Strategies and Urban Economic Growth“.
Read article
Natural-resource or Market-seeking FDI in Russia? An Empirical Study of Locational Factors Affecting the Regional Distribution of FDI Entries
K. Gonchar, Philipp Marek
HSE Working Papers, Series: Economics, WP BRP 26/EC/2013,
2013
Abstract
This paper analyzes the spatial distribution of foreign direct investment (FDI) across regions in Russia. Our analysis employs data on Russian firms with a foreign investor during the 2000-2009 period and links regional statistics in the conditional logit model. The main findings are threefold. First, we conclude that market-related factors and the availability of natural resources are important factors in attracting FDI. Second, existing agglomeration economies encourage foreign investors. Third, the findings imply that service-oriented FDI co-locates with extraction industries in resource-endowed regions.
Read article
Organization of EU Structural Policy in the Years 2007-20013 in Northwestern Germany, ed. by the German National Academy for Spatial Research and Planning
Martin T. W. Rosenfeld
Raumforschung und Raumordnung,
No. 2,
2013
Abstract
In jüngster Zeit wird wieder einmal kontrovers über die Frage diskutiert, wie effizient und effektiv die strukturpolitischen Programme der EU bislang waren. Wichtige neue Impulse für diese Diskussion liefert der jetzt von einer Arbeitsgruppe der Landesarbeitsgemeinschaft für Bremen, Hamburg, Niedersachsen und Schleswig-Holstein der Akademie für Raumforschung und Landesplanung vorgelegte Sammelband zur EU-Strukturpolitik in der noch laufenden Förderperiode (2007-2013) in den vier genannten nordwestdeutschen Ländern. Die theoretisch fundierten empirischen Untersuchungen zur Ausgestaltung der EU-Strukturpolitik im Nordwesten liefern wichtige Anregungen für die Politikgestaltung und dürften damit auch weit über Nordwestdeutschland hinaus ausstrahlen.
Read article
Related Variety, Unrelated Variety and Regional Functions: A spatial panel approach
Matthias Brachert, Alexander Kubis, Mirko Titze
Papers in Evolutionary Economic Geography,
2013
Abstract
The paper presents estimates for the impact of related variety, unrelated variety and the functions a region performs in the production process on regional employment growth in Germany. We argue that regions benefit from the existence of related activities that facilitate economic development. Thereby the sole reliance of the related and unrelated variety concept on standard industrial classifications (SIC) remains debatable. We offer estimations for establishing that conceptual progress can be made when the focus of analysis goes beyond solely considering industries. We develop an industry-function based approach of related and unrelated variety and test our hypothesis by the help of spatial panel approach. Our findings suggest that related variety as same as unrelated variety facilitate regional employment growth in Germany. However, the drivers behind these effects do differ. While the positive effect of related variety is driven by high degrees of relatedness in the regional “R&D” and “White-Collar”-functions, the effects of unrelated variety are spurred by “Blue Collar”-functions in this period.
Read article
How to Create a New Holiday Destination? An Evaluation of Local Public Investment for Supporting Tourism Industry
Albrecht Kauffmann, Martin T. W. Rosenfeld
Quantitative Methods in Tourism Economics,
2013
Abstract
Since the 1990s tourism has been one major area in Saxony where new local public infrastructure has been created. The question is whether this newly-built tourism infrastructure has been able to change the path of economic development in those municipalities where the investment has occurred. Is it possible to activate the tourism industry with the help of public investment at locations that are completely new to the tourism industry? The econometric estimations and a survey of businesses in the field of tourism make it clear that the new tourist infrastructure really did have a positive effect on local employment – but not everywhere and not in every case. Tourist infrastructure will only have a major positive impact on economic development if a municipality already has a “track record” of being a tourist destination and is well-equipped with the relevant complementary factors for tourist activities and the “primary features” of tourist destinations – History matters!
Read article
The Investment Strategies of Sovereign Wealth Funds
Shai B. Bernstein, Josh Lerner, Antoinette Schoar
Journal of Economic Perspectives,
No. 2,
2013
Abstract
Sovereign wealth funds have emerged as major investors in corporate and real resources worldwide. After an overview of their magnitude, we consider the institutional arrangements under which many of the sovereign wealth funds operate. We focus on a specific set of agency problems that is of first-order importance for these funds: that is, the direct involvement of political leaders in the management process. We show that sovereign wealth funds with greater involvement of political leaders in fund management are associated with investment strategies that seem to favor short-term economic policy goals in their respective countries at the expense of longer-term maximization of returns. Sovereign wealth funds face several other issues, like how best to cope with demands for transparency, which can allow others to copy their investment strategies, and how to address the problems that arise with sheer size, like the difficulties of scaling up investment strategies that only work with a smaller value of assets under investment. In the conclusion, we discuss how various approaches cultivated by effective institutional investors worldwide -- from investing in the best people to pioneering new asset classes to compartmentalizing investment activities -- may provide clues as to how sovereign wealth funds might address these issues.
Read article
Natural-resource or Market-seeking FDI in Russia? An Empirical Study of Locational Factors Affecting the Regional Distribution of FDI Entries
K. Gonchar, Philipp Marek
IWH Discussion Papers,
No. 3,
2013
Abstract
This paper conducts an empirical study of the factors that affect the spatial distribution of foreign direct investment (FDI) across regions in Russia; in particular, this paper is concerned with those regions that are endowed with natural resources and market-related benefits. Our analysis employs data on Russian firms with a foreign investor during the 2000-2009 period and linked regional statistics in the conditional logit model. The main findings are threefold. First, we conclude that one theory alone is not able to explain the geographical pattern of foreign investments in Russia. A combination of determinants is at work; market-related factors and the availability of natural resources are important factors in attracting FDI. The relative importance of natural resources seems to grow over time, despite shocks associated with events such as the Yukos trial. Second, existing agglomeration economies encourage foreign investors by means of forces generated simultaneously by sector-specific and inter-sectoral externalities. Third, the findings imply that service-oriented FDI co-locates with extraction industries in resource-endowed regions. The results are robust when Moscow is excluded and for subsamples including only Greenfield investments or both Greenfield investments and mergers and acquisitions (M&A).
Read article
