Eleanor Malloy

New Firm Formation in the British Counties with Special Reference to Scotland

ASHCROFT B., LOVE J. H. and MALLOY E. (1991) New firm formation in the British counties with special reference to Scotland, Reg. Studies 25, 395–409. The counties of Great Britain exhibit marked variations in their rates of new firm formation, with the local authority regions of Scotland performing particularly poorly. A model is developed to explain these variations over the period 1980–6, and the following factors are found to be important: the expected income foregone in starting a new firm, and the probability of attaining this income; levels of home ownership; and relevant individual skills, such as experience of small firms and managerial skills. It is concluded that any policy which seeks to raise firm formation rates in the peripheral regions of the UK has to address certain aspects of the socioeconomic structure of these regions. ASHCROFT B., LOVE J. H. et MALLOY E. (1991) La creation de nouvelles entreprises dans les comtes britanniques et particulierement en Ecosse, Reg. Studies 25, 395–409. Le...