Knowledge is recognized as an important ingredient for economic growth in addition to physical capital and labor. While transforming knowledge into products and processes it is exploited commercially. Nevertheless, the existing knowledge stock and the absorptive capacity of actors like employees...

Knowledge is recognized as a crucial element of economic growth in addition to physical capital and labor. Knowledge can be transformed into products and processes and is, in this way, exploited commercially. The ability to produce, identify, and exploit knowledge depends on the existing...

This paper employs data from the German Socioeconomic Panel (GSOEP) and data from the German Social Insurance Statistics to study nascent entrepreneurship. In particular, micro data from the GSOEP characterizing employees and nascent entrepreneurs is combined with regional characteristics....

This paper compares the structure and the development of new firm formation activity in three German regions. The two East German regions, Dresden and Rostock, show significantly higher start-up rates than the West German region Karlsruhe. The analysis of entry cohorts reveals that not only the...

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...

We investigate regional differences in the level and the development of regional new business formation activity. There is a pronounced variance of start-up rates across the regions. The level of regional new firm formation is rather pathdependent so that changes are relatively small. The main...