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Kerr, William R.; Kominers, Scott Duke - National Bureau of Economic Research (NBER) - 2010

We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping firm interactions yield agglomeration clusters...

Persistent link: https://www.econbiz.de/10008777358

Agglomeration and Innovation

Carlino, Gerald; Kerr, William R. - National Bureau of Economic Research (NBER) - 2014

This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …

Persistent link: https://www.econbiz.de/10010885295

Clusters of Entrepreneurship

Glaeser, Edward Ludwig; Ponzetto, Giacomo A. M.; Kerr, … - National Bureau of Economic Research (NBER) - 2009

Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...

Persistent link: https://www.econbiz.de/10008548787

Local Industrial Conditions and Entrepreneurship: How Much of the Spatial Distribution Can We Explain?

Glaeser, Edward Ludwig; Kerr, William R. - National Bureau of Economic Research (NBER) - 2008

Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demographics have limited explanatory power. Overall levels of local customers and suppliers are only modestly important, but new...

Persistent link: https://www.econbiz.de/10005714042

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines

Glaeser, Edward Ludwig; Kerr, Sari Pekkala; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012

Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...

Persistent link: https://www.econbiz.de/10010821933

The Life-Cycle of a Competitive Industry

Jovanovic, Boyan; MacDonald, Glenn - National Bureau of Economic Research (NBER) - 1993

is explained in this paper using a competitive model in which innovation opportunities induce firms to enter, but in …

Persistent link: https://www.econbiz.de/10005718895

Learning and Growth

Jovanovic, Boyan - National Bureau of Economic Research (NBER) - 1995

In this survey, I discuss four sources of growth of knowledge: research, schooling, learning by doing, and training. In trying to disentangle what is important, I emphasize the following facts: (1) even the most advanced countries spend far more on adoption of existing technologies than on...

Persistent link: https://www.econbiz.de/10005830890

Breakthrough Inventions and Migrating Clusters of Innovation

Kerr, William R. - National Bureau of Economic Research (NBER) - 2009

We investigate the speed at which clusters of invention for a technology migrate spatially following breakthrough inventions. We identify breakthrough inventions as the top one percent of US inventions for a technology during 1975-1984 in terms of subsequent citations. Patenting growth is...

Persistent link: https://www.econbiz.de/10008614946

The IT Revolution and the Stock Market

Greenwood, Jeremy; Jovanovic, Boyan - National Bureau of Economic Research (NBER) - 1999

A new technology or product is often developed by the single entrepreneur. Whether he reaches the public offering stage or is acquired by a listed firm it takes time for the innovator to add value to the stock market. Indeed first, reduce the market's value because some firms -- usually large or...

Persistent link: https://www.econbiz.de/10005778413

Why Wait? A Century of Life Before IPO

Rousseau, Peter; Jovanovic, Boyan - National Bureau of Economic Research (NBER) - 2001

Firms that entered the stock market in the 1990s were younger than any earlier cohort since World War I. Surprisingly, however, firms that IPO'd at the close of the 19th century were just as young as the companies that are entering today. We argue here that the electrification-era and the IT-era...

Persistent link: https://www.econbiz.de/10005580431