Audretsch and Fritsch (2002) proposed two explanations for the mixed evidence regarding the relationship between new firm formation and regional development. Firstly, they found evidence for the existence of long time lags needed before the main effects of new firm formation on employment change...

Innovation, skills, entrepreneurship and social cohesion are key drivers of growth, and essential goals of effective economic development strategies. Each has a strong governance component, which requires real partnership between government, business and civil society. In this book, the OECD has...