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Growth and Entrepreneurship: An Empirial Assessment

Acs, Zoltan J.; Audretsch, David B.; Braunerhjelm, Pontus; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

knowledge from the source creating it to the firm actually commercializing the new ideas. In this paper, entrepreneurship is … identified as one such mechanism facilitating the spillover of knowledge. Using a panel of entrepreneurship data for 18 countries …

Persistent link: https://www.econbiz.de/10005247890

New Firm Survival and Human Capital

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

Persistent link: https://www.econbiz.de/10005252210

The Determinants of New-firm Survival across Regional Economies

Acs, Zoltan J.; Armington, Catherine; Zhang, Ting - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

Motivated by differences in new-firm survival across regions, this paper explores the impact of regional human capital on new-firm survival rates. New-firm survival is interpreted through formation rates of surviving versus closed firms in the service sector. By incorporating knowledge...

Persistent link: https://www.econbiz.de/10005252214

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

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