Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 22: The Exit of Pharmacia and Regional Growth

Ann-Charlotte Fridh ()
Additional contact information
Ann-Charlotte Fridh: The Ratio Institute, Postal: P.O. Box 5095, SE-102 42 Stockholm, Sweden

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

JEL-codes: L11; L25; L60

18 pages, April 29, 2003

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