A student of regional development can identify two general types of explanations for why some regions develop as they do. The first explanation relates to the emergence of innovative activities carried out by pioneering entrepreneurs that may transform the society and economy. In literature,...

Entrepreneurs play an important role in the evolutionary process of regional industries. As founders of new firms, entrepreneurs increase the supply side of the industrial economy, and by doing so, they challenge the incumbent firms to respond. From the perspective of evolutionary economics,...

Entrepreneurship is a local and dynamic phenomenon. We jointly investigate spatial spillovers and time persistence of regional new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel models of business creation in the high-tech and...

A student of regional development can identify two general types of explanations for why some regions develop as they do. The first explanation relates to the emergence of innovative activities carried out by pioneering entrepreneurs that may transform the society and economy. In literature,...

Entrepreneurs play an important role in the evolutionary process of regional industries. As founders of new firms, entrepreneurs increase the supply side of the industrial economy, and by doing so, they challenge the incumbent firms to respond. From the perspective of evolutionary economics,...