Modeling the spatial aspect of growth has finally become an important subject of economics as exemplified by the increasing popularity of the new economic geography. However, new economic geography models have still not been able to develop a consistent approach to integrate innovation, space...

The purpose of this paper is to contribute to our understanding of regional economic development by constructing a regional entrepreneurship index that captures the essence of the contextual features of entrepreneurship and fills a gap in the measurement of economic and social development in the...

1 Introduction: Entrepreneurial Ecosystems -- 2 Building Composite Indicators for Policy Optimization Purposes -- 3 World Technology Frontier: Directed Technical Change and the Relevance of the Entrepreneurial Ecosystem -- 4 The Entrepreneurship Paradox: The Role of the Entrepreneurial Ecosystem...

Introduction -- Entrepreneurship and economic growth -- Regional variation in entrepreneurial activity -- Human capital and entrepreneurship -- Entrepreneurship and employment growth -- Summary and conclusions -- A formulation of entrepreneurship policy.

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

Understanding the factors that promote or mitigate new firm birth is crucial to regional economic development efforts, since a high level of new firm creation significantly contributes to regional economic vitality and is a major signal of a dynamic economy. The literature suggest that various...