We investigate the impact of start-up rates on regional economic development. We argue that in line with Schumpeter's view this effect is mediated by a process of creative destruc-tion: Start-ups spark a process of creative destruction which in turn leads to regional eco-nomic development....

Korean Abstract: 창업의 고용효과는 창업기업의 신규 일자리 창출효과를 나타내는 직접 효과와 활발한 신규진입이 산업 전반에 파급하는 장기적 효과인 간접효 과로 구분된다. 그간 창업의 장기적인 간접고용효과는 국내에서...

New firm formation is often highly prioritized by local governments, particularly for regions that are declining. Entrepreneurship can play an important role in keeping declining regions vital through job creation. Yet, the way in which new firm formation exerts its influence on employment...

Since the start of the new millennium, the Korean economy has experienced slow growth, as well as a drop in employment elasticity with growth due to advancement of the industrial structure. This stunted growth has weakened job creation within existing firms, which has prompted corporate...