New firms are important for creating employment opportunities and economic growth. Thus, regions often encourage policies to attract new firms. However, the determinants of new firm formation, such as human capital, personal income, infrastructure, and cultural diversity, are uneven across...

This study examines the impact of the determinants of new firm formation in New England at the county level from 1999 to 2009. Based on the Spatial Durbin panel model that accounts for spillover effects, it is found that population density and human capital positively affect single-unit firm...