Growing Regions through Smart Specialisation: A Methodology for Modelling the Economic Impact of a Food Processing Hub in Australia

Esposto, Alexis; Abbott, Malcolm; Juliano, Pablo

doi:10.1111/1759-3441.12250

Cited by 7 publications

(5 citation statements)

References 5 publications

(5 reference statements)

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“…The small business sector is an important and well-documented source of gross domestic product, employment and revenue (Esposto et al , 2019; Steffens and Omarova, 2019). Beyond their economic contributions, small businesses form the fabric of regional communities (Australian Bureau of Statistics (ABS), 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Regional small businesses’ personal and inter-firm networks

Sharafizad

Brown

2020

JBIM

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Purpose The purpose of this paper is to examine the role of personal and inter-firm networks and the elements that contribute to the formation and management of these networks for regional small businesses. Design/methodology/approach Semi-structured interviews were conducted with 20 small business owners located in regional areas. Findings The findings highlight key characteristics of regional small business owners’ networks. Findings indicated that participants relied strongly on their personal networks for business purposes. This study shows that while personal networks adapted and changed into informal inter-firm networks, weak-tie relations within inter-firm networks were unlikely to develop into close personal networks. Novel findings also include a preference for “regional interactions” and included regular collaboration with local business competitors. Although the participants used social media to manage their business through personal networks, results confirmed there was a lack of awareness of the benefits of inter-firm networks with businesses outside the local region. Originality/value While it is acknowledged small business owners use personal and inter-firm connections to maintain and grow their business, there is a lack of research examining both of these networks in the same study. This research addresses this gap and presents five propositions as a useful direction for future research. This paper adds to the evolution of existing knowledge by expanding understanding of the formation of business networks and conditions of business trust relations within a regional context.

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Section: Literature Reviewmentioning

confidence: 99%

Regional small businesses’ personal and inter-firm networks

Sharafizad

Brown

2020

JBIM

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“…Food processing is another industry important to regional Australia and is the focus of the third paper by Esposto, Abbott and Juliano (). The focus is on the role food processing hubs could make to regional economic development via new investment and employment.…”

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confidence: 99%

“…Esposto et al () remind us that the food sector faces constant change. Technology changes, lifestyles change, world populations grow, climate change alters the production base of all countries, and social attitudes towards environmental, social and economic issues change.…”

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confidence: 99%

“…Victoria’s Gippsland faces significant challenges from structural change such as the closure of the Hazelwood Power Station. Looking at a total capital investment in a food processing hub of $23 million, Esposto et al () estimates that the overall impact on the Gippsland regional area could be $74 million per annum ‐–up to 2.0 per cent of Gross Regional Product.…”

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confidence: 99%

See 1 more Smart Citation

Regional Economic Development in Australia: Introduction to the Special Issue

Stoeckel

Ong

2019

J of App Econs and Policy

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“…The research discovered that creation of food industry centres based on the SMART business can be beneficial for the regional economic development in Australia (Esposto, 2019). Approaches to the SMART business strategy are used in the cohesion policy of the European Union for the period of 2014-2020.…”

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confidence: 99%

Smart Business Development in Ukraine (Via the Example of Cherkasy Region)

2019

Conference Proceedings

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SMART business development is studied through indicators of geopolitical and geoeconomical changes via the example of Cherkasy oblast (the central region ofUkraine) in order to determine the strategy of regional business improvement using global political and economic priorities. Cherkasy oblast was selected for the study because it is one of the pilot regions for implementation of the SMART business strategies.The following methods were used in the course of the study: the system-structure analysis, spatial-comparative method, interpolation, correlation as well as descriptionstatistical method.The proposed results of the study may be used in Ukraine as well as in the countries of the Eastern Partnership for development of effective strategy for SMART business improvement. The results of the study are intended for national and regional SMART businesspolicy, optimisation of SMART specialisation forrepresentatives of medium and small business, researchers dealing with regional development problems etc.

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Growing Regions through Smart Specialisation: A Methodology for Modelling the Economic Impact of a Food Processing Hub in Australia

Cited by 7 publications

References 5 publications

Regional small businesses’ personal and inter-firm networks

Regional small businesses’ personal and inter-firm networks

Regional Economic Development in Australia: Introduction to the Special Issue

Smart Business Development in Ukraine (Via the Example of Cherkasy Region)

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