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In our analysis of the impact of new business formation on regional employment change we identified considerable time lags. We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on...
Persistent link: https://www.econbiz.de/10005252212
Assessing regional growth and convergence across Europe is a matter of primary importance, either in light of the … structural heterogeneities and spatial effects could fail to detect club convergence phenomena. In this paper, we adopt a … spatially filtered mixture regression approach that endogenously identifies regional clubs of beta-­convergence, in order to …
Persistent link: https://www.econbiz.de/10005756561
Audretsch and Fritsch (2002) proposed two explanations for the mixed evidence regarding the relationship between new firm formation and regional development. Firstly, they found evidence for the existence of long time lags needed before the main effects of new firm formation on employment change...
Persistent link: https://www.econbiz.de/10005588042
the regional output per worker and raises the speed of convergence. By contrast, the pure geographical metrics is … underperforming, while underestimating the convergence dynamics. …
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New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that constitutes a commercial opportunity. Acs, Audretsch,...
Persistent link: https://www.econbiz.de/10005247891