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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/10014159021
We study entrepreneurship and growth through the lens of U.S. cities. Initial entrepreneurship correlates strongly with urban employment growth, but endogeneity bedevils interpretation. Chinitz (1961) hypothesized that coal mines near cities led to specialization in industries, like steel, with...
Persistent link: https://www.econbiz.de/10014040278
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/10010567252
key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We … entrants is subsidized. This is because of a strong selection effect: R&D resources (skilled labor) are inefficiently used by …
Persistent link: https://www.econbiz.de/10012148193
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/10014046240
key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We … entrants is subsidized. This is because of a strong selection effect: R&D resources (skilled labor) are inefficiently used by …
Persistent link: https://www.econbiz.de/10013083293
new and central economic force is the selection between highand low-type firms, which differ in terms of their innovative …
Persistent link: https://www.econbiz.de/10012900520
This paper reviews academic research on the connections between agglomeration and innovation. We first describe the conceptual distinctions between invention and innovation. We then discuss how these factors are frequently measured in the data and note some resulting empirical regularities....
Persistent link: https://www.econbiz.de/10012970480
new and central economic force is the selection between high- and low-type firms, which differ in terms of their …
Persistent link: https://www.econbiz.de/10012974477
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/10013039335