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The Exit of Pharmacia and Regional Growth

Ann-Charlotte Fridh ()
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Ann-Charlotte Fridh: The Ratio Institute, Postal: P.O. Box 5095, SE-102 42 Stockholm, Sweden, http://www.ratioinstitutet.nu

No 22, Ratio Working Papers from The Ratio Institute

Abstract: In this paper we ask whether the withdrawal of a major employer (Pharmacia) from a region in Sweden (Uppsala) has had a negative effect on employment growth. We explore the possibility that the exit of Pharmacia may not have had a negative effect on the total employment in the region. It might be the case that new innovative resources with economic potential have been released due to the withdrawal leading to new firm formation and expansion of existing firms. We find no evidence that the withdrawal has led to a negative effect on employment growth in the region.

Keywords: exit; regional growths; start-ups; entry (search for similar items in EconPapers)
JEL-codes: L11 L25 L60 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2003-04-29
New Economics Papers: this item is included in nep-com, nep-ent and nep-geo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:ratioi:0022

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