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The Impact of Geographic Differences in Human Capital on Service Firm Formation Rates

Acs, Zoltan J.; Armington, Catherine - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

Persistent link: https://www.econbiz.de/10005824127

Entrepreneurship Capital: Determinants and Impact

Audretsch, David B.; Keilbach, Max - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

The literature focusing on the geography of entrepreneurship has developed some-thing of a schizophrenic approach. On … account for inter-spatial variations in entrepreneurship. On the other hand is a literature that has ex-amined the impact of … entrepreneurship on the economic performance of that region. While the emergence of a statistical link between economic performance and …

Persistent link: https://www.econbiz.de/10005765240

Entrepreneurship Capital and Economic Performance

Audretsch, David B.; Keilbach, Max - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

capital. In this paper we introduce a new factor, entrepreneurship capital, and link it to output in the context of a … production function model. This paper explains what is meant by entrepreneurship capital and why it should influence economic … output. A production function model including several different measures of entrepreneurship capital is then estimated for …

Persistent link: https://www.econbiz.de/10005765247

Financing High-Tech Growth: The Role of Debt or Equity

Audretsch, David B.; Lehmann, Erik E. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...

Persistent link: https://www.econbiz.de/10005765249

Determinants of entrepreneurial engagement levels in Europe and the US

Thurik, Roy; Grilo, Isabel - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Entrepreneurship Flash Eurobarometer surveys (2002 and 2003) containing over 20,000 observations are used. Other than demographic …

Persistent link: https://www.econbiz.de/10005765251

Employment Growth and Entrepreneurial Activity in Cities

Acs, Zoltan J.; Armington, Catherine - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on...

Persistent link: https://www.econbiz.de/10005765277

Job Creation and Persistence in Services and Manufacturing

Acs, Zoltan J.; Armington, Catherine - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

An important new literature on gross employment flows has produced a great outpouring of stylized facts. In this paper we examine one aspect of this literature through the lens of dynamic models and theories of industrial evolution. We extend the Davis and Haltiwanger methodology for analysis of...

Persistent link: https://www.econbiz.de/10005765281

The effect of entrepreneurship on national economic growth: an analysis using the GEM database

Stel, Andre van; Carree, Martin; Thurik, Roy - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

this test we aim to investigate to what extent the role of entrepreneurship has changed in the last decades of the 20th … per capita income. This suggests that entrepreneurship plays a different role in countries in different stages of economic …

Persistent link: https://www.econbiz.de/10005765283

The Effects of Experience, Ownership, and Knowledge on IPO Survival: Empirical Evidence from Germany

Audretsch, David B.; Lehmann, Erik E. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

Persistent link: https://www.econbiz.de/10005765285

Entrepreneurship Capital: A Regional, Organizational, Team, and Individual Phenomenon

Audretsch, David; Monsen, Erik - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2007

We review the role entrepreneurship capital in regional economic performance and extend it to explain the economic and … entrepreneurial performance of organizations, teams, and individuals. Drawing on entrepreneurship and social capital research, we …: entrepreneurship capital. We identify elements of entrepreneurship capital at and across the levels. Where there are gaps, we suggest …

Persistent link: https://www.econbiz.de/10005765286