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作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.70,P.204-214

语言

英文

关键字

Entrepreneurship; New business formation; Spatial dependence; Path dependency; Persistence; Spatial panel; MAXIMUM LIKELIHOOD ESTIMATORS; INNOVATIVE START-UPS; PANEL-DATA; ECONOMIC-PERFORMANCE; SPATIAL ECONOMETRICS; HIGHER-EDUCATION; PERSISTENCE; KNOWLEDG

作者单位

[Fossen, Frank M.] Univ Nevada, Dept Econ, 1664 N Virginia St, Reno, NV 89557 USA. [Fossen, Frank M.] DIW Berlin, Berlin, Germany. [Fossen, Frank M.] IZA, Bonn, Germany. [Martin, Thorsten] Univ Potsdam, Fac Econ & Social Sci, Potsdam, Germany. Fossen, FM (reprint author), Univ Nevada, Dept Econ, 1664 N Virginia St, Reno, NV 89557 USA. E-Mail: ffossen@unr.edu

摘要

Entrepreneurship is a regional and persistent phenomenon. We jointly investigate spatial dependence and serial dynamics of new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel data models of start-up activity in the high-tech and manufacturing industries. We consider regions of different sizes and systematically search for the most suitable spatial weights matrices. We find substantial spatial dependence as well as time persistence of start-up activity, especially in the high-tech industry. This suggests that local start-up activity has positive extemal effects and that entrepreneurship policy could play an efficiency-enhancing role.