What an entrepreneurial opportunity is and from whence it comes are important issues for understanding how markets function and come into being.In addition to describing the forum held on the topic and summarizing the contributions of the articles that appear in the special issue, this article...

This paper analyses the impact that some managerial competitive strategies followed by a firm may have on its survival. We have not only considered the classic strategies related to the passive learning process defined by Jovanovic (e.g., R&D or advertisement expenses), but we have also taken...

We investigate whether the supply of Venture Capital (VC) in Germany is driven by spatial influences. The study is based on information from more than 300 VC investments made in Germany between 2004 and 2005. We find evidence that the geographical distance between a VC company and the portfolio...

This paper re-examines the link between new firm formation and subsequent employment growth. It investigates whether it is possible to have the wrong type of entrepreneurship - defined as new firm formation which leads to zero or even negative subsequent employment growth. It uses a very similar...

Entrepreneurship is an important process in regional economic development.Especially the continued growth of a minority of new firms is of major significance to thecommercialization of new ideas and employment growth. These growing new firms aretransforming on a structural basis, like...

We investigate the effects of new business formation on employment change in German regions. A special focus is on the lag-structure of this effect and on differences between regions. The different phases of the effects of new business formation on regional development are relatively pronounced...

In the present note an effort will be made for a contribution to economic theory by extending the discussion paper "Entrepreneurship, Regional Development and Job Creation: The Case of Portugal" by R. Baptista, V. Escárta and P. Madruga, MPI #0605, in which the authors conclude (among others)...

This paper investigates the effect of business regulations on various measures of entrepreneurship. Using data for a sample of countries participation in the Global Entrepreneurship Monitor between 2002 and 2005, we estimate a two-equation model explaining the nascent and the actual...

This paper investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure...

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship's reward. As an example, a regression, based on the entrepreneurship's reward, with baning panel data will yield the same main results as in the...